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Kellton Tech Solutions gains after partnering BEC (Systems Integration)

Capital Market 

Kellton Tech Solutions rose 2.71% to Rs 113.60 at 10:01 on after the company said it formed a partnership with BEC (Systems Integration).

The announcement was made after market hours yesterday, 13 June 2017.

Meanwhile, the S&P Sensex was down 8.34 points, or 0.03% to 31,095.15.

On the BSE, 5,592 shares were traded in the counter so far, compared with average daily volumes of 13,240 shares in the past one quarter. The stock had hit a high of Rs 114.65 and a low of Rs 110.65 so far during the day. The stock hit a 52-week high of Rs 178.90 on 15 June 2016. The stock hit a 52-week low of Rs 79 on 18 October 2016.

The stock had underperformed the market over the past one month till 13 June 2017, falling 12.95% compared with 2.58% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 16.59% as against Sensex's 5.80% rise. The scrip had also underperformed the market in past one year, falling 36.66% as against Sensex's 17.84% rise.

The small-cap company has equity capital of Rs 23.58 crore. Face value per share is Rs 5.

Kellton Tech Solutions said that the partnership will help infuse SAP's latest capabilities into BEC's solutions, enabling them to successfully implement S/4 HANA migration. Based on its eSmart Data Capture software suite, BEC's innovative solutions leverage the power of ERP to deliver improved accuracy and productivity within its clients' warehouse, distribution centre and manufacturing departments.

BEC (Systems Integration) is a specialist provider of automated data capture solutions for use in the supply chain and manufacturing industry.

On a consolidated basis, net profit of Kellton Tech Solutions rose 2.43% to Rs 14.31 crore on 4.50% rise in net sales to Rs 165.36 crore in Q4 March 2017 over Q3 December 2016.

Kellton Tech Solutions is a global IT services organisation. The company is committed to providing end-to-end IT solutions, strategic technology consulting, and offshore product development services.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 14 2017. 10:02 IST