Multibagger IT-Stock Hit Upper Circuit As Board Is Likely To Announce Stock On October 16
Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 283.8 per cent from its 52-week low of Rs 46.08 per share.
The Board of Directors of Blue Cloud Softech Solutions Limited is set to convene on October 16, 2024, at 4:00 PM. The agenda includes deliberating upon and ratifying the sub-division or split of the company's equity shares under Section 61(1)(d) of the Companies Act, 2013 and relevant regulations. Additionally, any other matters deemed necessary by the Chair will be addressed.
Earlier, Blue Cloud Softech Solutions Limited successfully secured ISO 9001-2015 and ISO 27001-2022 certifications. This remarkable achievement underscores the company's unwavering commitment to quality management, information security, and delivering exceptional services. These internationally recognized certifications validate Blue Cloud Softech's adherence to global standards and its dedication to providing secure, high-quality IT solutions.
About the Company
Blue Cloud Softech Solutions Limited is a leading IT solutions provider specializing in delivering innovative, secure, and scalable technology solutions with a strong focus on healthcare, enterprise-grade AI applications, and AI-enabled cybersecurity products. The company provides cutting-edge healthcare technology, leveraging artificial intelligence to improve patient care, optimize healthcare processes, and enhance medical decision-making. In addition to healthcare, Blue Cloud Softech serves various industries, offering IT consulting, software development, cloud solutions, and IT service management.
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The stock of Blue Cloud Softech Solutions Ltd experienced a significant surge on Thursday, hitting a 5 per cent upper circuit to Rs 176.85 per share. This marks a substantial increase from its previous closing price of Rs 168.45 per share. Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 283.8 per cent from its 52-week low of Rs 46.08 per share.
The company has a market cap of Rs 3,792 crore with a 3-year stock price CAGR of 160 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.