Multibagger IT-stock at Rs 152.55 hit the upper circuit on September 23, after 7 consecutive lower circuits; Do you have it?
Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 231per cent from its 52-week low of Rs 46.08 per share.
The stock of Blue Cloud Softech Solutions Ltd experienced a significant surge on Monday, reaching its 5 per cent upper circuit at Rs 152.60 per share. This marks a substantial increase from its previous closing price of Rs 145.35 per share. Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 231per cent from its 52-week low of Rs 46.08 per share.
Today's surge in volume by more than 3 times on BSE further highlights the growing interest in the company. This positive development comes after a series of 7 consecutive lower circuits, indicating a potential reversal in the stock's trend.
Established in 1991, Blue Cloud Softech Solutions Ltd is a prominent player in the field of computer software and data processing services. The company offers a wide range of services, including computer software design and development, data processing services, computer consultancy, systems analysis, programming, computer maintenance and computerized information systems.
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Additionally, Blue Cloud Softech Solutions Ltd provides services related to computer hardware, such as servicing, buying and selling of computer communication hardware and other computer components. Furthermore, the company specializes in software product development, solutions customization, technical support and training, networking services, information technology and IT-enabled services.
The company has a market cap of Rs 3,329 crore with a 3-year stock price CAGR of 140 per cent. According to Quarterly Results (Q1FY25) and annual results (FY24), the company reported positive numbers. Investors should keep an eye on this multibagger small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.