2:1 Stock Split: Multibagger IT Penny Stock Under Rs 20 Hit Back-to-Back Upper Circuits; Details Inside
The company has a market cap of Rs 897 crore with a 3-year stock price CAGR of 40 per cent.
On Thursday, the shares of Blue Cloud Softech Solutions Ltd hit 5 per cent upper circuit to Rs 20.56 per share from its previous closing of Rs 19.59 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. In the recent trading sessions, the stock has been hitting back-to-back upper circuits. The stock is up by 37.5 per cent from its 52-week low of Rs 14.95 per share.
The Board of Directors of Blue Cloud Softech Solutions Limited, acting on the recommendation of the Nomination & Remuneration Committee, has appointed Mr. Vankineni Krishna Babu as the Managing Director for a five-year term effective May 07, 2025, subject to shareholder approval. Additionally, Mr. Bollikonda Vinod Babu has been appointed as the Chief Executive Officer (CEO) of the company. Furthermore, the Board has in-principle agreed to pursue the acquisition of a US-based entity and has authorised Mr. Vankineni Krishna Babu, the Managing Director, to finalise the terms, conditions, and mode of acquisition, including the potential swap of equity shares and to undertake all necessary actions for this acquisition.
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About the Company
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 235.27 crore in Q3FY25 and net profit increased by 131 per cent to Rs 9.40 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 112 per cent to Rs 613.24 crore and net profit increased by 316 per cent to Rs 31.23 crore in 9MFY25 compared to 9MFY24.
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. The company has a market cap of Rs 897 crore with a 3-year stock price CAGR of 40 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.