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Kaveri Telecom’s stock has hit the upper circuit limit for two consecutive days now apparently on the buzz that the company being close to an overseas acquisition deal. The company’s share prices closed on the BSE at Rs 146.15 a share on Friday after hitting the year-high of Rs 151.20. Over a week’s period, it gained 22.45 per cent and registered a gain of 40.66 over a month period.

When contacted by Business Line, Kaveri’s officials said they did not wish to comment.

Archana Venkat

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