Volume Spurt & 2:1 Stock Split: Penny IT Stock Under Rs 50 Hit Upper Circuit on January 31
The stock is up by 72.65 per cent from its 52-week low of Rs 23.04 per share.
On Friday, the shares of Blue Cloud Softech Solutions Ltd hit a 5 per cent upper circuit to Rs 39.78 per share from its previous closing of Rs 37.89 per share. The stock’s 52-week high is Rs 130.50 and its 52-week low is Rs 23.04. The shares of the company saw a spurt in volume by more than 1.60 times on BSE.
Blue Cloud Softech Solutions Limited (BCSSL), a leading Indian technology company listed on the Bombay Stock Exchange (BSE), has secured a significant USD 3 Million contract from a prominent US-based client. This achievement underscores BCSSL's global reach and solidifies its position as a trusted provider of cutting-edge technology solutions. The contract centres around the deployment of SecureNode, an in-house developed Mobile Device Management (MDM) platform designed to enhance operational efficiency and security for businesses.
SecureNode is a sophisticated solution that integrates and manages critical business infrastructure, including mobile delivery terminals, point-of-sale systems, and inventory tracking nodes. Equipped with robust security features like strong encryption and granular device control, SecureNode empowers businesses to navigate the complexities of modern operations with enhanced visibility, security, and operational intelligence. This contract exemplifies BCSSL's commitment to innovation and its ability to deliver secure, client-centric solutions that address the evolving needs of businesses worldwide.
Furthermore, 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.
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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 1,735 crore with a 3-year stock price CAGR of 160 per cent. The stock is up by 72.65 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.