AI Penny Stock Under Rs 30 Jumps After Signing MoU with Hungary-based E-Group ICT Software Zrt

On Wednesday, shares of Kellton Tech Solutions Limited jumped 6 per cent to Rs 27.35 per share from its previous closing of Rs 25.81 per share. The stock’s 52-week high is Rs 35.50 per share and its 52-week low is Rs 19.01 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE.

Kellton, a global leader in AI and digital transformation, has announced a strategic collaboration with Hungary-based E-Group ICT Software Zrt. The two companies have signed a Memorandum of Understanding (MoU) to jointly build a sovereign AI ecosystem under the EU-India Framework Agreement. This partnership is anchored in E-Group's Budapest Initiative and aims to create an "AI Gigafactory" where Kellton will provide its software development and technology support expertise. The collaboration's primary focus is to build a human-centric AI ecosystem that integrates Europe's dedication to sovereignty and trusted innovation with India's significant technology and delivery capabilities.

This agreement highlights a strong alignment between Europe's vision for sovereign AI and India's technological strengths, setting a new standard for cross-regional cooperation. The joint effort will focus on developing an integrated framework for AI, data processing and cloud infrastructure that prioritises transparency, security and long-term resilience. This collaboration not only strengthens the technological ties between the two regions but also paves the way for a more secure and trusted global AI infrastructure, demonstrating a commitment to responsible innovation in a rapidly evolving digital landscape.

About the Company

Kellton Tech Solutions Ltd., listed on the NSE and BSE, is a global leader in AI and digital transformation with its headquarters in Hyderabad, India. The company, which operates on the philosophy of "Infinite Possibilities with Technologies," employs over 1,800 people across its offices and delivery centres in the United States, Europe and Asia-Pacific. Kellton offers a wide range of transformative solutions, including Agentic AI, cloud engineering, enterprise application modernisation and data analytics, serving clients across multiple sectors like BFSI, manufacturing, retail and healthcare. The company's expertise has been recognised by top analysts, earning it a spot as a leader in Zinnov Zones for ER&D Digital and Experience Engineering and commendation from ISG and Avasant for its SAP services.

For the first quarter ending June 30, 2025, Kellton Tech Solutions Ltd. reported a consolidated revenue of Rs 296.10 crore, which represents a 12.8 per cent year-over-year and 3.1 per cent quarter-over-quarter increase. Its net profit for the quarter was Rs 22.70 crore, showing a 13.5 per cent year-on-year rise, with an EPS of Rs 2.32. In FY25, the company reported an 11.7 per cent increase in annual net sales to Rs 1,098 crore and a 23.4 per cent rise in net profit to Rs 80 crore compared to FY24.

The company's 1:5 stock split became effective on July 28, 2025. Each equity share with a face value of Rs 5 has been converted into five shares with a face value of Re 1 each. FIIs bought 2,06,150 shares and increased their stake to 1.27 per cent in Q1FY26 compared to Q4FY25. The company's promoters hold 40.78 per cent stake as of June 2025 and the stock trades at a PE of 15x whereas the industry PE is 30x. The company has a market cap of over Rs 1,300 crore. The stock is up 44 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 210 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.