Kellton is a full-service IT solutions provider with a global presence. It has offices in the United States, Europe, and Asia, and it serves clients in a wide range of industries, including healthcare, finance, retail, and manufacturing.
The stock has delivered multibagger returns of 119% over the past 12 months, outperforming Nifty which has given 25% returns in the same period. On the year-to-date basis its returns stand at 81% versus 13% returns by the 50-stock index.
The stock is trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 106 and 98, respectively, according to data available on Trendlyne.
The recent rally has taken the counter into a strongly overbought zone with momentum indicators RSI and MFI reported by Trendlyne hovering around 89 and 97.The company had reported a consolidated net profit of Rs 23.9 crore in the March ended quarter versus Rs 8.1 crore in the December quarter. In the corresponding quarter of the last financial year, it reported a net loss of Rs 174.4 crore. The consolidated revenue in January-March quarter stood at Rs 248.4 which was marginally up from Rs 245.8 crore in the December quarter. In the year ago period, the revenue stood at Rs 243.4 crore.Also Read: Jio Financial Services Q1 Results: Cons PAT falls 6% YoY to Rs 313 crore, revenue up 1%(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
