Kellton Tech declines on profit taking

Kellton Tech Solutions was locked at 5% lower circuit at Rs 120.55 at 11:51 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 21.07 points or 0.06% at 33,115.11. The S&P BSE Small-Cap index fell 0.73%, underperforming the Sensex.

On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 17,350 shares in the past one quarter. The stock had hit a high of Rs 129.85 and a low of Rs 120.55 so far during the day. The stock had hit a 52-week high of Rs 137 on 12 February 2018 and a 52-week low of Rs 80 on 22 August 2017.

The small-cap company has equity capital of Rs 24.10 crore. Face value per share is Rs 5.

Shares of Kellton Tech Solutions had rallied 15.53% in the previous three trading sessions to settle at Rs 126.85 yesterday, 21 March 2018, from its close of Rs 109.80 on 16 March 2018.

On a consolidated basis, Kellton Tech Solutions' net profit rose 23.6% to Rs 17.04 crore on 32.5% growth in net sales to Rs 209.73 crore in Q3 December 2017 over Q3 December 2016.

Kellton Tech Solutions is a software development company.

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