IT Stock hits upper circuit after Rs 780000000 project win in South America | Check Details Here

In today’s trading session, the shares of Blue Cloud Softech Solutions Limited are in the focus of investors. as the company has informed exchanges that it has received a project worth Rs 78 crore. After this news, the company’s stock witnessed a significant rise. On Tuesday, the company’s stock touched the upper circuit and reached Rs 32.78 per share. On Monday, the stock closed at Rs 32.14 per share.

Blue Cloud Softech Solutions Limited has received a big project worth Rs 78 crores. This project is related to Coastal Surveillance. In this, the company’s technology will be used for monitoring and security of the seashore.

With the receipt of this project, the company has now become even stronger in the global security and surveillance market. Now the company will be known for its technology projects abroad as well.

Blue Cloud is already ahead in technology and software work. Now, through this new project, the company is also entering the field of defence and security technology. This can help in getting even bigger government or international projects in the future.

According to BSE Analytics, the company’s shares have risen by more than 47 per cent in the last one month. At the same time, the stock has given a negative return of 33.14 per cent in the last 6 months. The stock has declined by 70 per cent in one year. However, the stock has given a multibagger return of 486 per cent in five years. The market cap of the company is Rs 1,430.13 crore.

Meanwhile, equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after falling in the previous trading session, amid a rally in global markets.

Moreover, buying in blue-chip stocks — Reliance Industries and HDFC Bank — also added to the markets optimism during the initial trade.

The 30-share BSE Sensex climbed 177.79 points to 83,784.25 in early trade. The 50-share NSE Nifty went up by 51.2 points to 25,568.25.

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