800% rally in five years! Multibagger stock jumps over 9% after THIS announcement
'… 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,' the small-cap company said.
It added that its board will also consider the proposal of alteration of the share capital of the company by sub-division/split of existing equity shares of face value of ₹ 5/- each.
If approved, it would be the first-ever stock split by Kellton Tech Solutions.
The company also recently released its March quarter results, wherein it posted a total revenue of ₹ 287.3 crore, recording a growth of 2.9% QoQ and 15.5% YoY.
Its net profit stood at ₹ 19.2 crore for Q4 FY25, down from ₹ 23.93 crore posted in the same period a year ago. The EBITDA margin for the quarter under review was 10.5%, with the reported EBITDA at ₹ 30.2 crore.
During the quarter, the company acquired nine new clients.
The small-cap stock Kellton Tech, having a market capitalisation of ₹ 1,343 crore, surged as much as 9.94% in intraday deals to the day's high of ₹ 139.80 apiece.
Kellton Tech share price was trading at ₹ 138.15, up 8.65% at 11.45 am today.
The multibagger stock has risen 27% in the past three months, while it is up 33% in the last one year. However, in the past two and five years, its performance has been most impressive, as Kellton Tech stock recorded upside of 125% and 853%, respectively.
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