2:1 Stock Split Announced By Board Of This Multibagger IT Company; Stock To Keep Under Radar
Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 269 per cent from its 52-week low of Rs 46.08 per share.
The Board of Directors of Blue Cloud Softech Solutions Limited, at its meeting held on October 16, 2024, has approved the sub-division (split) of existing equity shares of the company having a face value of Rs 2 each (fully paid-up) into one (1) equity share of face value of Re 1 each (fully paid-up) and the alteration of the authorized share capital clause in the Company's Memorandum of Association. This split is intended to enhance the liquidity of the Company's shares in the stock market and to facilitate the participation of smaller investors. The expected timeline for completing this process, including obtaining necessary approvals from members and regulators, is approximately two to three months.
Earlier, the company launched four AI-enabled products, marking a significant milestone in its commitment to harnessing artificial intelligence for real-world challenges. The products, unveiled by the Telangana IT Minister, showcased the company's innovative spirit and potential to transform industries. Among the products, BluHealth, an AI-powered mobile application, stands out with its ability to transform proactive population health management. BluHealth empowers individuals to monitor their health remotely and receive personalized recommendations by offering non-invasive health screenings and seamless telehealth integration. Blura, an AI-driven communication platform, enhances employee engagement by delivering personalized updates and fostering a more connected workforce. EduGenie, an AI-enabled LMS, facilitates tailored educational experiences and strengthens connections between instructors and students. Finally, BioSter, a revolutionary sterilization product, addresses healthcare-acquired infections (HAIs) and enhances infection control in indoor public spaces.
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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.
The stock of Blue Cloud Softech Solutions Ltd gained 3.25 per cent to Rs 170 per share. This marks a substantial increase from its previous closing price of Rs 164.65 per share. Over the past year, the stock has demonstrated remarkable performance, achieving a multibagger return of 269 per cent from its 52-week low of Rs 46.08 per share.
The company has a market cap of Rs 3,565 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.