Stock below Rs 50: This IT company's stock has hit back-to-back upper circuits as it inks a joint venture deal

Today, shares of the company saw a spurt in volume by more than 2.66 times on BSE.  

Today, the benchmark domestic indices ended the day in green. BSE Sensex Index ended the session flat, up 0.07 per cent at a level of 61,319.51. On the sectoral front, the BSE Information Technology Index was one of the Top Gainers, rising 1.27 per cent.   

One of the top gainers of IT stocks today, shares of Securekloud Technologies Ltd surged 5 per cent upper circuit to an intraday high of Rs 47.90 per share from its previous closing of Rs 43.55. At 03:30 shares of the company ended the day positive, up 9.07 per cent to Rs 47.50 per share.   

Recently, the company informed both the exchanges (NSE & BSE) that Blockedge Technologies Inc., USA, a wholly owned subsidiary of SecureKloud Technologies Inc has announced the signing of a Memorandum of Understanding with Suvik Technologies FZE, to form a joint venture in Dubai, aimed at creating tools that empower organizations globally migrate to WEB3 technologies.  

SecureKloud is a cloud-native company with a combination of products, frameworks and services, designed to solve problems around blockchain, cloud, enterprise security, decision engineering and managed services. Today, shares of the company saw a spurt in volume by more than 2.66 times on BSE.   

The stock has a 52-week high of Rs 115.90 and a 52-week low of Rs 35.15. In the recent trading session, the stock has hit back-to-back upper circuits rising by 26.67 per cent. Investors should keep an eye on this Small-Cap IT stock.