Mumbai, Sept 10 (Udaipur Kiran): Shares of Kellton Tech Solutions climbed over 3% on Tuesday after the company announced signing a Memorandum of Understanding (MoU) with Hungary-based E-Group ICT Software Zrt to collaborate on an AI project under the EU–India Framework Agreement.

The stock was trading at Rs 26.70 on the BSE, up 0.89 points or 3.45% from its previous close of Rs 25.81. It opened at Rs 26.24 and touched an intraday high of Rs 27.35 and a low of Rs 26.23. A total of 3,86,442 shares were traded during the session.

AI Gigafactory and Collaboration Goals

Under the MoU, Kellton will help establish an “AI Gigafactory”, building capacity for AI services with expertise in software development and technology support.

The partnership aims to develop a sovereign, human-centric AI ecosystem, combining Europe’s focus on sovereignty and trusted innovation with India’s strength in technology delivery. Anchored in E-Group’s Budapest Initiative, the collaboration will deliver an integrated framework for AI, data processing, and cloud infrastructure with emphasis on transparency, security, and long-term resilience.

Stock and Market Overview

The BSE Group ‘B’ stock, with a face value of Re 1, has a 52-week high of Rs 35.50 (Dec 16, 2024) and a 52-week low of Rs 19.01 (Apr 7, 2025).

In the past week, the stock has traded between Rs 28.14 (high) and Rs 25.18 (low). Kellton’s market capitalisation currently stands at Rs 1,378.32 crore.

Promoter holding in the company is 40.78%, while institutions own 1.27% and non-institutional investors 57.95%.

Company Profile

Kellton Tech Solutions is a global IT services and digital transformation company, offering solutions in ERP, enterprise IT, and emerging technologies.