Multibagger IT stock to keep under the radar as Board announced record date for dividend & is likely to announce a stock split
Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 276 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.
In alignment with SEBI's LODR Regulations, the company has established September 23, 2024, as the 'Record Date' for the disbursement of a final dividend of Rs 2 per share to its equity shareholders.
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 Friday, gaining 4.65 per cent to Rs 178.95 per share. This marks a substantial increase from its previous closing price of Rs 171 per share. Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 276 per cent from its 52-week low of Rs 46.08 per share.
The company has a market cap of Rs 3,665 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.