You are here: Home » Companies » News
Business Standard

Kellton Tech Solutions hits 10% upper circuit amid bearishness in equity

The small-cap firm's current market capitalisation is worth Rs 1,092 crore, exchange data showed

Topics
kelton tech | Companies | Kellton Tech Solutions

IANS  |  New Delhi 

shares
Illustration: Ajay Mohanty

Shares of hit the 10 per cent upper circuit on Tuesday, in an otherwise bearish trading session for equities.

Kellton Tech is a 'Born Digital' technology consulting and IT services firm that delivers innovative business solutions.

The small-cap firm's current market capitalisation is worth Rs 1,092 crore, exchange data showed.

On Tuesday, the shares settled on the upper limit at Rs 113.30. In the past just one-month period, the company's shares more than doubled the investors' money. To be precise, it rose 103 per cent.

In Q2FY22, Kellton Tech reported a 9.8 per cent YoY growth in profit after tax at Rs 17.5 crore.

 

The shares of the company rose on a day when the broader market slumped sharply.

The Sensex and Nifty settled at 60,754 points and 18,113 points, down 0.9 per cent or 554 points and 1.1 per cent or 195 points from their previous close, respectively.

Notably, all the sectoral indices traded in the red with Nifty IT witnessing a sharp slump.

--IANS

ad/arm

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 18 2022. 19:40 IST
RECOMMENDED FOR YOU
.