Rs 1,00,00,000 Project: Penny IT Stock Under Rs 50 Jumps After Signing MoU with VR Siddhartha Engineering College

The stock is up by 84.5 per cent from its 52-week low of Rs 23.04 per share.

On Thursday, the shares of Blue Cloud Softech Solutions Ltd gained 9 per cent to Rs 42.50 per share from its previous closing of Rs 38.89 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 Ltd (BCSS), a listed Hyderabad-based software solutions provider, has signed a Memorandum of Understanding (MoU) with VR Siddhartha Engineering College (Deemed to be University), Vijayawada. This partnership, valued at up to Rs 1,00,00,000, aims to foster industry-academia collaboration and advance technological development through joint initiatives. The agreement focuses on bridging the gap between theoretical learning and practical industry experience.

The MoU, signed by BCSS Chairman, Ms. Janaki Yarlagadda, and VR Siddhartha Engineering College Vice Chancellor, Prof. Paruchuri Venkateswara Rao, outlines several key areas of collaboration. These include joint research and development of IT solutions, student internships and hands-on training programs, faculty exchange initiatives, and technology transfer and knowledge-sharing programs. A significant component of the agreement is the establishment of a Digital Forensics and Cyber Security Lab at the college.

This collaboration will provide VR Siddhartha Engineering College students with valuable practical experience through internships, research projects, and training at BCSS. This will not only prepare students for successful careers but also provide BCSS with access to a pool of skilled graduates. Establishing the Digital Forensics and Cyber Security Lab, with approved software and services, will further enhance the students' training in this critical field. The MoU is valid for 36 months and emphasizes confidentiality regarding intellectual property. Both BCSS and VR Siddhartha Engineering College are committed to driving innovation and creating a strong link between academia and industry.

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.

About the Company

Headquartered in Hyderabad, Telangana, Blue Cloud Softech Solutions Ltd (BCS) is an innovative AIoT solutions provider specializing in AI-based healthcare and technology products. With a commitment to delivering transformative solutions, BCS empowers businesses and communities through its cutting-edge technologies.

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 H2FY24.  

The company has a market cap of Rs 1,818 crore with a 3-year stock price CAGR of 160 per cent. The stock is up by 84.5 per cent from its 52-week low of Rs 23.04 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.