2:1 Stock Split: Penny IT Stock Under Rs 35 In Green After Securing Work Order From Pinnacle Hospitals
The stock is up by 38 per cent from its 52-week low of Rs 23.04 per share.
On Tuesday, the shares of Blue Cloud Softech Solutions Ltd gained 2.7 per cent to Rs 31.79 per share from its previous closing of Rs 30.96 per share. The stock’s 52-week high is Rs 130.50 and its 52-week low is Rs 23.04.
Blue Cloud Softech Solutions Limited (BCSSL), a BSE-listed global technology company, has announced a new work order from Pinnacle Hospitals India Pvt Ltd. BCSSL will implement its advanced Outpatient Management System (OMS) at Pinnacle Hospitals in Visakhapatnam. The Rs 20 lakh + GST project will significantly enhance patient care and streamline hospital workflows through features like home sample collection, pharmacy and lab integration, real-time inventory tracking, and multilingual voice dictation in Telugu and English.
The OMS implementation will be rolled out over ten weeks in a phased approach. Key features include appointment management, electronic medical records (EMR), prescription management, lab and diagnostics booking, and secure cloud-based patient record access. The system will also feature a mobile application for improved patient accessibility, real-time synchronization with existing hospital databases, and robust security protocols compliant with healthcare data standards. This project reinforces BCSSL's commitment to transforming healthcare through AI-driven solutions.
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.
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About the Company
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.
The company has a market cap of Rs 1,350 crore with a 3-year stock price CAGR of 60 per cent. The stock is up by 38 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.