2:1 Stock Split: Penny IT Stock Under Rs 30; Company Reports A 316 Per Cent Jump In PAT
The stock is up by 25.3 per cent from its 52-week low of Rs 23.04 per share.
On Friday, the shares of Blue Cloud Softech Solutions Ltd plunged 0.5 per cent to Rs 28.86 per share from its previous closing of Rs 29 per share. The stock’s 52-week high is Rs 130.50 and its 52-week low is Rs 23.04.
Headquartered in Hyderabad, Telangana, Blue Cloud Softech Solutions Ltd (BCS) is an innovative AIoT solutions provider specializing in AI-based healthcare and technology products. With a commitment to delivering transformative solutions, BCS empowers businesses and communities through its cutting-edge technologies.
According to Quarterly Results, the company reported net sales of Rs 235.27 crore in Q3FY25 and net profit increased by 131 per cent to Rs 9.40 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 112 per cent to Rs 613.24 crore and net profit increased by 316 per cent to Rs 31.23 crore in 9MFY25 compared to 9MFY24.
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Earlier, shares of Blue Cloud Softech Solutions Limited ex-traded stock split in the ratio 2:1 i.e., sub-division of equity shares of the company having a Face Value of Rs 2 each (fully paid-up) into one equity share of face value of Re 1 each (fully paid-up). The record date for the stock split was Monday, January 20, 2025. Additionally, Blue Cloud Softech Solutions Ltd (BCSS) and VR Siddhartha Engineering College have partnered in a Rs 1 crore MoU to foster industry-academia collaboration. The agreement will focus on joint initiatives like R&D, student internships, faculty exchange, and technology transfer, including the establishment of a Digital Forensics and Cyber Security Lab. This 36-month partnership aims to equip students with practical experience, preparing them for careers while providing BCSS access to skilled graduates.
The company has a market cap of Rs 1,259 crore with a 3-year stock price CAGR of 60 per cent. The stock is up by 25.3 per cent from its 52-week low of Rs 23.04 per share. Investors should keep an eye on this small-cap IT stock.
Disclaimer: The article is for informational purposes only and not investment advice.