Shilpi Cable Technologies announced that the company has entered into a joint venture with the Eyecom Telecommunications Equipments, to introduce Base Station Antenna (BSA) products for 2G, 3G and 4G to mark its foray in the next generation technology of Radio Frequency (RF).
Eyecom Telecommunications Equipments, headquartered in New Zealand, is one of leading RF path technology solution provider globally.
The stock had outperformed the market over the past one month till Oct. 07, 2015, rising 12.64% compared with the Sensex's 8.60% rise. It outperformed the market in past one quarter, gaining 49.28% as against 4.03% fall in the Sensex.
Shares of the company gained Rs 2.6, or 4.08%, to trade at Rs 66.25. The total volume of shares traded was 212,172 at the BSE (1.49 p.m., Thursday).