2:1 Stock Split: IT Penny Stock Under Rs 20 Hit Upper Circuit On May 02; Here’s Why
The company has a market cap of over Rs 700 crore with a 3-year stock price CAGR of 50 per cent.
On Friday, the shares of Blue Cloud Softech Solutions Ltd hit 5 per cent upper circuit to Rs 17.32 per share from its previous closing of Rs 16.50 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.
Blue Cloud Softech Solutions Limited has scheduled a Board of Directors meeting on Wednesday, May 7, 2025, to discuss and consider potential acquisitions both within India and internationally, as well as proposals for raising funds through the issuance of equity shares or convertible warrants, including but not limited to preferential issues, Qualified Institutions Placement (QIP), or other private placement methods, subject to necessary regulatory approvals; the Board will also consider convening an extra-ordinary general meeting or postal ballot to seek shareholder approval for these proposals, and any other business with the Chair's permission will be addressed.
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.
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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 over Rs 700 crore with a 3-year stock price CAGR of 50 per cent. Investors should keep an eye on this small-cap IT stock.
Disclaimer: The article is for informational purposes only and not investment advice.