2:1 Stock Split: Multibagger IT Company Reports a 536 Per Cent Jump In PAT to Rs 21.83 Crore; Keep Under Radar
Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 198 per cent from its 52-week low of Rs 46.08 per share.
On Thursday, the shares of Blue Cloud Softech Solutions Ltd surged 1.07 per cent to Rs 137.35 per share. This marks a substantial increase from its previous closing price of Rs 135.60 per share.
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.
According to Quarterly Results, the net sales increased by 171 per cent to Rs 235.27 crore and net profit increased by 333 per cent to Rs 11.35 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 284 per cent to Rs 466.51 crore and net profit increased by 536 per cent to Rs 21.83 crore in H1FY25 compared to H1FY24.
The Board of Directors of Blue Cloud Softech Solutions Limited has approved the subdivision of its Rs 2 face value shares into Re 1 share to improve liquidity and attract smaller investors. The company aims to complete this process, including regulatory approvals, within two to three months.
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Furthermore, Blue Cloud Softech Solutions has launched four AI-powered products: BluHealth for remote health monitoring, Blura for employee engagement, EduGenie for personalized learning, and BioSter for infection control. These products, unveiled by the Telangana IT Minister, showcase the company's commitment to AI-driven solutions for real-world challenges.
The company has a market cap of Rs 2,996 crore with a 3-year stock price CAGR of 160 per cent. Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 198 per cent from its 52-week low of Rs 46.08 per share. Investors should keep an eye on this multibagger small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.