Upcoming Stock Split: Multibagger IT Stock Jumps 193% YTD, Issues Dividend Update

Small cap company engaged in IT Software sector, Blue Cloud Softech Solutions Ltd shares today settled at Rs 171.00 per share with gain of 1.66% in trade today. Blue Cloud Softech Solutions today issued an update on dividend and informed about its upcoming meeting of Board of Directors to consider stock split/sub-division of shares. Blue Cloud Softech Solutions shares offered eye-catching returns of 192% in last 6-months and slipped 21% in last 1-month. The company has a market capitalisation of Rs 3730.21 crore. Check details below:

Blue Cloud Softech Solutions To Consider Stock Split On Oct 16: As per the exchange filing of Blue Cloud Softech Solutions dated September 26, 2024, "a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 16th October, 2024, at 4.00 PM to consider and approve the following:

1. Consider the sub-division/ split of equity shares of the Company pursuant to the provisions of Section 61(1)(d) of the Companies Act, 2013 and other applicable provisions and rules made there under.

Blue Cloud Softech Dividend: "Pursuant to Regulation 42 of the SEBI LODR Regulations, the Company has fixed the 'Record Date' for payment of final dividend. The record date is September 23.

Blue Cloud Financials: The company declared its net sales at Rs 106.47 crore for June 2024, up 208.68% from Rs. 34.49 crore in June 2023. Meanwhile, the company's quarterly net profit declared at Rs. 7.74 crore in June 2024, up 854.19% from Rs. 0.81 crore in June 2023. EBITDA of Blue Cloud announced at Rs. 10.98 crore in June 2024 up 898.18% as against Rs. 1.10 crore declared in the corresponding quarter of last year. Blue Cloud EPS surged to Rs. 0.35 in June 2024 from Rs. 0.14 in June 2023.

Blue Cloud Softech Solutions Shares Performance: The 52-week high price of Blue Cloud Softech Solutions shares on BSE is Rs 261. 00 per share (as on 29/07/2024) and 52-week low price is Rs 46.08 per share. Blue Cloud Softech Solutions shares zoomed 11.80% in last 1-week, fell 12% in last 3-months and zoomed 967% in last 2-years.

About: It is a software development company. Blue Cloud operates in designing, developing computer software and providing data processing services, that may include computer consultancy services, system analysis, programming, and computer maintenance. It offers several services to businesses including digital transformation, managed Information Technology solution, cloud mitigation, digital workforce management, and software architecture, among others.

Disclaimer: The stock highlights the stock split, dividend, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.