Stock under Rs 50: This micro-cap company secures a multi-year expansion contract with Fortune 500 biopharmaceutical company!

The stock is up by 47 per cent in 3 months and gave multibagger returns of 104 per cent in 3 years.

Securekloud Technologies Ltd with Healthcare Triangle, Inc. (Nasdaq: HCTI), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, and data analytics for the healthcare and life sciences industries announced that it has secured a multi-year program expansion contract with a top-five customer, a Fortune 500 biopharmaceutical company. The agreement extends the customer’s suite of cloud DevOps, data engineering, and data platform management solutions.

“Over the past four years of this client’s program, HCTI has developed a high-performance computing (HPC) environment supported by a custom deployment of DataEz™, our HITRUST-certified, fully managed AI engineering and analytics platform-as-a-service. This new agreement renews and expands our managed services engagement, reinforcing our value as a trusted advisor and a highly-engaged business partner,” said Lena Kannappan, Head of Business, Strategy and Partnerships for Healthcare Triangle. “Our expertise in challenging the status quo, providing strategic alternatives, and implementing creative, novel solutions in cloud transformation and cloud acceleration for pharmaceutical and life sciences organizations enabled us to broaden our range of services for this program. We are thrilled to continue this highly valued client relationship.”

Healthcare Triangle advances industry-transforming solutions in the areas of cloud services, data science, cyber security and professional and managed services for the healthcare and life sciences industries. The company is strategically partnered with leading public cloud providers including Amazon Web Services, Google Cloud, Microsoft Azure Cloud, and EHR vendors.

SecureKloud (earlier 8k Miles) is a cloud-native company with a combination of products, frameworks and services, designed to solve problems around Blockchain, Cloud, Enterprise Security, Decision Engineering and Managed Services. The company has a market cap of Rs 156.06 crore with a 3-year stock price CAGR of 22 per cent.

On Thursday, shares of Securekloud Technologies Ltd jumped 5 per cent upper circuit to Rs 46.71 per share from its previous closing of Rs 44.49. The stock is up by 47 per cent in 3 months and gave multibagger returns of 104 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.