Multibagger IT Stock Jumps as Board Is Likely to Announce Stock Split & Raise Funds for Business Purpose
The stock is up by 45 per cent from its 52-week low of Rs 85.10 per share and a whopping 850 per cent in 5 years.
On Thursday, shares of Kellton Tech Solutions Limited jumped 9.80 per cent to Rs 137.6 per share from its previous closing of Rs 127.15 per share. The stock’s 52-week high is Rs 184.30 per share and its 52-week low is Rs 95.05 per share. The shares of the company saw a spurt in volume by more than 4 times on the BSE.
The Board of Directors of Kellton Tech Solutions Limited is scheduled to be held on Saturday, June 14, 2025, inter alia, to transact the following item: -
- To consider and if thought fit, approve the proposal of raising of funds by issuance of equity shares / convertible bonds/debentures/warrants/preference shares / any other equity linked securities (“Securities”) through permissible modes including by way of a private placement, preferential issue or qualified institutions placement of Securities or any other method as may be permitted under applicable laws, including the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and such other acts, rules and regulations, as may be applicable;
- To consider the proposal of alteration of the share capital of the company by sub-division/ stock split of existing equity shares of face value of Rs 5 each.
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About the Company
Kellton is a global technology consulting and IT services company founded on the belief of exploring ‘Infinite Possibilities with Technology.’ Kellton helps businesses of all sizes, ranging from startups to SMEs and Fortune 500s, build disruptive digital solutions. With operations across the US, Europe, India, and the Asia Pacific and a global team of 1800+ employees, Kellton enables clients to use technology as their competitive advantage. Kellton has been placed four times on the Deloitte Technology Fast 50 India List and recognised by Forbes Asia as one of the Top 200 companies in their ‘Best Under a Billion’ List.
Kellton Tech Solutions concluded FY25 with strong financial results, reporting an 11.7 per cent increase in annual net sales to Rs 1098 crore and a 23.4 per cent rise in net profit to Rs 80 crore compared to FY24. This growth was bolstered by their strategic focus on AI and the addition of nine new client wins in Q4FY25, contributing to the quarter's net sales of Rs 286 crore and net profit of Rs 19 crore.
The company's promoters hold 40.82 per cent stake as of March 2025 and the stock trades at a PE of 15x whereas the industry PE is 28x. The company has a market cap of over Rs 1,300 crore. The stock is up by 45 per cent from its 52-week low of Rs 85.10 per share and a whopping 850 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.