Kellton Tech girates violently; co sees two-fold rise in Q3 net profit

NEW DELHI: Shares of Kellton Tech Solutions climbed 5 per cent to hit a fresh 52-week high in Monday's trade after the company reported a two-fold increase in December quarter net profit. However, the stock quickly pared all of the gains and shed as much as 5 per cent on profit booking.

Net profit of the company stood at Rs 10.12 crore against Rs 4.85 crore in the year-ago quarter, marking a 108 per cent rise. Total income from operations climbed 156 per cent to Rs 116.50.

At 10:02 am, the stock was trading 2.1 per cent lower at Rs 219.10 on the BSE. The stock has gained over 500 per cent in the past 12 months.