Kellton Tech Solutions soars on securing project from Karnataka State Government
Kellton Tech Solutions is currently trading at Rs. 87.11, up by 4.79 points or 5.82% from its previous closing of Rs. 82.32 on the BSE.
The scrip opened at Rs. 82.89 and has touched a high and low of Rs. 89.40 and Rs. 82.11 respectively. So far 343603 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 89.40 on 20-Jul-2023 and a 52 week low of Rs. 40.53 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 89.40 and Rs. 79.91 respectively. The current market cap of the company is Rs. 839.82 crore.
The promoters holding in the company stood at 52.14%, while Institutions and Non-Institutions held 0.03% and 47.83% respectively.
Kellton Tech Solutions has secured a highly prestigious, multi-year large project from the Karnataka State Government's Finance Department to develop and implement HRMS Version 2.0 for over 600,000 state government employees in Karnataka. The Karnataka State Government has entrusted Kellton to bring forth a range of advanced features and functionalities to streamline and enhance the overall Human Resource Management processes. The HRMS 2.0 system will significantly enhance the existing capabilities, encompassing critical areas such as recruitment, cadre management, transfers, promotion, service register, leave management and operational reports. This upgrade will provide a more efficient and user-friendly experience for the employees.
The company will develop and integrate new modules, including employee self-service, retirement management, annual performance management, service register with core history, and analytical reports with data analytics. These additions aim to improve the Karnataka State Government's human resource processes, allowing for better management and optimization.
Kellton Tech Solutions is a global technology consulting and IT services company founded on the belief of exploring 'Infinite Possibilities with Technology.'