India's Kellton Tech Solutions hits over 1-1/2 year high on order win

Kellton Tech Solutions

18/12/2023 06:28

** Shares of IT services company Kellton Tech Solutions
 KELL.NS  up as much as 16.2% at 108.6 rupees - its highest
level since April 7, 2022
     ** Stock on track for a fourth consecutive session of
gains, if trend holds
    ** KELL said it secured a multi-year project from Life
Insurance Corporation of India  LIFI.NS  to digitise its network
across 4,000 locations
    ** Stock trading above 200-day moving average since June 19,
closed at highest in 22 months in the last session
    ** More than 11.1 mln shares change hands by 11:51 a.m. IST,
9.2x its 30-day avg - LSEG data
    ** Stock up ~79% YTD


 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))