Kale Consultants survives market fall on bagging overseas contract

Kale Consultants survives market fall on bagging overseas contract

Kale Consultants gained 0.93% to Rs 59.90 at 14:38 IST on BSE, after the company said a Sri Lanka based freight company, has chosen Kale Consultants to develop a web-enabled solution to automate its ocean, air and multi-modal freight operations.

The company made this announcement during trading hours today, 20 February 2008.

Meanwhile, BSE Sensex was down 368.42 points or 2.04% to 17,707.24, on weak cues from the global markets.

On BSE, 32,408 shares were traded in the counter. The scrip had an average daily volume of 81,115 shares in the past one quarter.

The stock hit a high of Rs 61.40 and low of Rs 58.50 so far during the day. The stock had a 52-week high of Rs 119 on 19 February 2007 and a 52-week low of Rs 48.30 on 22 January 2008.

The small-cap scrip had underperformed the market over the past one month till 19 February 2008, declining 1.66% compared to the Sensex’s return of 2.67%. It had also underperformed the market in the past one quarter, declining 10.01% compared to Sensex’s decline of 2.83%.

The company’s current equity is Rs 13.35 crore. Face value per share is Rs 10.

The current price of Rs 59.90 discounts its Q3 December 2007 annualized EPS of Rs 2.49, by a PE multiple of 24.05.

Kale's freight management system is a web-based application, which helps freight forwarders to improve their operational efficiency.

In December 2007, Kale Consultants signed a contract with QuikJet Cargo, a Bangalore based cargo carder to implement the company's end-to-end cargo ERP solution.

Kale Consultants’ net profit rose 43.10% to Rs 0.83 crore on 4.26% fall in net sales to Rs 19.99 crore in Q3 December 2007 over Q2 September 2007.

The company provides software services. The group provides end-to-end technology solutions to the travel and transportation industry.