Kellton Tech Solutions stock price: Anil Singhvi suggests keeping a close watch on company’s results—here is why
Kellton Tech Solutions is an IT-solution provider company, which offers cutting-edge technical consultation and integrates business-changing systems.
Zee Business Managing Editor Anil Singhvi said that Kellton Tech Solutions Board Meeting is on Monday, June 14, and it is expected that the results will be announced during the market open hours. Market Guru suggested keeping a close watch on the company’s results.
Talking about this share, Varun Dubey, Research Analyst at Zee Business, said the company is expecting strong results on Monday, June 14. He shared the triggers of earnings in the stock before the results.
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Dubey said that Kellton Tech Solutions is expecting its results on Monday, June 14 and the results are expected to be blockbuster. The company has given strong results in the first and second quarters and in year-on-year as well.
Kellton Tech Solutions से मजबूत नतीजों की उम्मीद...
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He further added that if you will see the income earnings of the company then you can witness robust growth. The company is expected to register an income of Rs 213 crore in Q4 FY21 (YoY), compared to Rs 196 crore the previous year in the same quarter. Similarly, the margins are expected to surge by 16 per cent in Q4 FY21, compared to 13.9 per cent last year in the same quarter.
“The company’s EBITDA is expected to grow by Rs 34 crore in the Q4 FY21 (YoY), against Rs 27.3 crore last year in the same quarter,” he added.
He further added that in every parameter the company has shown robust growth. Kellton Tech Solutions is expected to register a profit of Rs 26.5 crore in Q4 FY21, against Rs 22 crore last year same quarter.
Kellton Tech Solutions is an IT-solution provider company, which offers cutting-edge technical consultation and integrates business-changing systems. The company provides its services to startups and Fortune 500 companies. The company has a long track record. Through digital transformation, this company earns 75 per cent of its income. And mostly the incomes come from the US market. So, the company has a big exposer in the US market, added Dubey.
“Other businesses like enterprise solutions are also expected to perform extremely well. And if you will notice then FIIs are also continuously buying in this company,” he said.
He asserted that sometimes back, almost 1.3 per cent stake FIIs purchased in Kellton Tech. Even they are anticipating that the company will perform well. So, keep a close eye on Kellton Tech Solutions. Year-on-year and quarter-on-quarter, the company will perform well.
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