IT Penny Stock Under Rs 25 Hit Upper Circuit for 6th Straight Day: Company Reports Stellar Results with PAT Jumps 175 Per Cent in FY25
The stock is up by 42.5 per cent from its 52-week low of Rs 14.95 per share.
On Tuesday, the shares of Blue Cloud Softech Solutions Ltd hit 2 per cent upper circuit to Rs 21.30 per share from its previous closing of Rs 21.30 per share. The stock’s 52-week high is Rs 130.50 per share and its 52-week low is Rs 14.95 per share. The stock is up by 42.5 per cent from its 52-week low of Rs 14.95 per share. The stock has been hitting upper circuit for the 6th straight day.
Headquartered in Hyderabad, Telangana, Blue Cloud Softech Solutions Limited (BCSSL) is a pioneering provider of AIoT-based solutions specialising in AI-driven healthcare and technology products. With a steadfast commitment to innovation, BCSSL empowers businesses and communities alike by delivering cutting-edge, indigenous technology solutions that drive measurable transformation.
According to Quarterly Results, the company reported net sales of Rs 183.62 crore in Q4FY25 and net profit increased by 52 per cent to Rs 13.04 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 59 per cent to Rs 796.86 crore and net profit increased by 175 per cent to Rs 44.27 crore in FY25 compared to FY24.
Additionally, Blue Cloud Softech Solutions Limited's Board has approved several significant strategic initiatives, pending shareholder approval at an upcoming Extraordinary General Meeting. A key resolution involves increasing the company's Authorised Share Capital from Rs 63,00,00,000 to Rs 80,00,00,000, which will be divided into 80,00,00,000 equity shares of Re 1 each. This capital increase aims to support the company's growth objectives. Additionally, the Board has sanctioned an investment limit of up to Rs 1,300 crore for investments in Indian and/or overseas entities. This limit, exceeding the stipulations of Section 186 of the Companies Act, 2013, was unanimously approved to facilitate substantial future investments.
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Furthermore, the Board has unanimously approved a Preferential Allotment of 32,00,00,000 equity shares as part of a share swap deal to acquire AIS Anywhere. This strategic acquisition, valued at Rs 752.32 crore, will result in Blue Cloud Softech Solutions issuing 5 shares for every 1 share of AIS Anywhere, making AIS Anywhere a wholly-owned subsidiary. The acquisition of AIS Anywhere, a New Jersey-based global technology solutions provider specialising in AI, data analytics, cybersecurity, IoT, and enterprise solutions, is set to significantly expand Blue Cloud's footprint in the US market. The Board also approved a plan to raise up to USD 50 million through the issuance of Foreign Currency Convertible Bonds, subject to regulatory and shareholder approvals.
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 ex-date for the stock split was Monday, January 20, 2025. The company has a market cap of Rs 929.3 crore.
Disclaimer: The article is for informational purposes only and not investment advice.