IT Stock To Buy: Board To Consider Stock Split Next Week; Initiate Trade?

A prominent software development company, Ksolves India Limited is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). With more than 500 in-house technology professionals, it serves clients in multiple countries. The company is a full-service software solution provider and is renowned in the industry for its proficiency in data science (artificial intelligence and machine learning), Salesforce, DevOps, Java and microservices, OpenShift, penetration testing, and big data (Apache Kafka, Apache NiFi, Apache Spark, and Apache Cassandra).

Ksolves India Stock Split

"Notice is hereby given pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a meeting of the Board of Directors of the Company will be held on Friday, December 20, 2024, inter-alia, to consider and approve the alteration in the share capital of the Company by sub-division / split of existing equity shares having face value of Rs.10/- each, fully paid-up, as may be determined by the Board of Directors and consequent alteration of Memorandum of Association of the Company," said the company in a stock exchange filing.

Closure of Trading Window For Ksolves India

"Further, in accordance with the Company's Code of Conduct for Prevention of Insider Trading, the Company has intimated its Designated Persons, Key Managerial Persons, Designated Employees, connected persons and Immediate relatives regarding the closure of the Trading Window for trading in the Company's equity shares from immediate effect till December 23, 2024," Ksolves India informed stock exchanges on December 11, 2024.

Ksolves India Financials

In the September 2024 quarter, the company's revenue from operations was Rs 34.77 crore, rising 34.26% from Rs 25.90 crore in the September 2023 quarter. Its net profit improved 11.63% from Rs. 8.26 crore in Q2FY24 to Rs. 9.22 crore in Q2FY25. EBITDA climbed 17.95% from Rs. 11.31 crore in the quarter ended September 2023 to Rs. 13.34 crore in the quarter ended September 2024.

Ksolves India Share Price Target

"Ksolves India stock price is bullish on the Daily charts with strong support at 987. A Daily close above resistance of 1031 could lead to a target of 1208 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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