By Admin 
IT Stock: The Indian stock market witnessed a decline on the last trading day of the week i.e. Friday. During this period, Sensex fell 961 points to 81,287 and Nifty fell 318 points to close at 25,178. Benchmark Index. A decline of more than 1 percent was seen. However, amidst this environment of decline, there was a sharp rise in one IT stock.
Here we are talking about IT company Blue Cloud. Amid heavy selling in the market on Friday, Blue Cloud’s shares increased by 12 percent.
Board meeting scheduled for March 4
The reason behind this rise in the stock is an announcement made by the company. Actually, the company has said that a board meeting will be held on March 4 to take a decision on the earnings in the third quarter of the current financial year (Q3 FY26). The effect of this announcement of the company was visible on the shares.
On Friday, the stock opened at Rs 20.35 on BSE with a slight rise compared to the previous day’s closing price of Rs 20.20. However, later, amid increasing interest from investors in buying, the stock rose by about 12 percent from the previous day’s closing to reach an intraday high of Rs 23 per share. At present, investors are keeping an eye on its third quarter results.
The company gave this big information
This small cap IT stock recently informed that it has acquired ConnectM Technology Solutions, Inc. From Global Impex Inc. The proposal to buy 100 percent stake has been approved. For this, a meeting of the Board of Directors was held on 23rd February.
Status of company shares
Its shares have increased by about 23 percent in the last one month. However, it has also seen a decline of 29 percent in six months. This small cap stock has declined by 20 percent in one year and 21 percent in two years. Shares of Blue Cloud Softech Solutions have given a multibagger return of 386% in the last five years and 660% in the last ten years.
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