MumbaiShares of smallcap IT company Kellton Tech trade in green even as the market remained volatile today. The action in stock comes as the company has informed exchanges about the acquisition of a new company. In contrast to the previous close of Rs 19.30 on the BSE, the counter started the trading session at Rs 19.90. It later hit the intraday high of Rs 19.91. The counter was up 0.78% at Rs 19.43 when it was last seen. The company's market capitalization was Rs 1,026.58 crore. Over the past two days, the scrip has increased by 2.91 percent. The 5-day, 20-day, 50-day, 100-day, and 200-day moving averages are all higher than the counter.
The counter on the National Stock Exchange (NSE) started trading at Rs 19.35 before declining to reach the intraday low of Rs 19.25.
The 52-week high of the stock is Rs 35.50 and the 52-week low is Rs 18.47.
Acquires Kumori Technologies ServicesThe business revealed that it will purchase Kumori Technologies Services Private Limited, a supplier of specialized ServiceNow services, in its most recent exchange filing. The company will invest up to Rs 52.50 crore in Kumori's equity shares, to be paid in one or more tranches.
Upon completion of the investment, the company will acquire a 100 per cent stake in Kumori. Kelton Tech Solutions will acquire full ownership of Kumori Technologies.
The company claims that the acquisition will enhance Kellton's worldwide ServiceNow capabilities and further its objective of creating an integrated and intelligent automation ecosystem for businesses across the globe.
Today's stock marketIn early trading on Thursday, the benchmark stock market indices Sensex and Nifty reached new all-time highs amid optimistic global trends due to rising expectations of a US Fed rate cut and inflows of foreign funds.
Extending its previous day's rally, the 30-share BSE Sensex jumped 416.67 points to hit its new record high of 86,026.18 during the morning trade. On September 27, 2024, the benchmark reached its previous lifetime high of 85,978.25.
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