Kellton Tech rises over 5 per cent on launching building management solution with AI & smart analytics

Kellton Tech Solution Ltd today announced that it has launched a one-stop, cloud-based, and intelligent building management system with the name, KeLive.  

KeLive is developed to help real estate agencies & property management companies automate rule-based tasks and manage administrative operations anywhere, anytime, and across multiple devices. 

KeLive uses PropTech technologies, including AI, IoT, automation, intelligent analytics & cloud to help property managers and building management companies to manage administration efficiently. 

Reacting to this, the company’s stock today increased by 8.42 per cent and made an intraday high of Rs 81.10 per share at 11.33 am. 

Besides, the company reported a net profit of Rs 3,037.62 crore in Q2FY21, an increase of 20.37 per cent. It had reported a profit of Rs 2,523.64 crore in Q2FY20. The company reported net sales of Rs 190.88 crore for Q2FY21, an increase of 2.28 per cent as against the net sales of Rs 186.63 crore for Q2FY20. 

Kellton Tech is a technology consulting & services company, which has helped start-ups to Fortune 500 clients build digital transformation solutions and leverage technology as a competitive differentiator for their businesses. 

According to BSE data, the stock traded at a P/E multiple of 66.07 and a price-to-book ratio of 5.74. The stock has a 52-week high and a 52-week low of Rs 86.45 and Rs 6.75, respectively. 

At 1.41 pm on Friday, the company’s stock was trading at Rs 78.85, up by 5.41 per cent against its previous close of Rs 74.80 on BSE.