Kale Consultants rises on its contract with Wataniya Airways

Kale Consultants is currently trading at Rs 22.70, up by 0.65 points or 2.95% from its previous closing of Rs 22.05 on the BSE.

The scrip opened at Rs 22.25 and touched a high of Rs 23.90 with a low of Rs 22. So far 10,790 shares were traded on the BSE.

The BSE group ‘B’ stock has touched a 52 week high of Rs 64 and a 52 week low of Rs 19.10.

Kale Consultants, a leading solutions provider to Airline, Logistics and Travel (ALT) industry, has entered into a multi-year outsourcing contract with Wataniya Airways, Kuwait’s new full service luxury airline.

As part of the deal, Kale will deliver complete outsourced revenue accounting and passenger audit services from its delivery centre. Kale will put into service its industry leading passenger revenue accounting solution ‘REVERA’, as the backbone of this platform-based BFO deal. Kale will provide services to the airline from its Managed Processing Services centres in India.