• Source:JND

IT Stock Under Rs 50: Shares of Blue Cloud Softech Solutions rose over 7 per cent during the intraday trade on Tuesday amid volatility in the domestic stock market after the company's board approved 100% stake acquisition in Global Impx Inc.

Boosted by the development, the stock started the session with a decent gap up at Rs 19.74 compared to the last day's closing of Rs 19.41. The small-cap tech stock continued the gaining momentum further to hit a high of Rs 21.01 on BSE, up over 7 per cent from the last day's closing.

However, the stock erased some of its early gain amid profit booking in afternoon trade. At the time of writing, the stock was trading at Rs 19.99, up Rs 0.58 or 2.99 per cent.

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Acquires 100% Stake in Global Impx Inc.

In a regulatory filing, the company announced that it has approved the acquisition of 100% shares of Global Impox Inc. through an all-share transaction worth Rs 372.81 crore.

According to the AI, clean energy, and digital infrastructure company, the acquisition aims to capitalise on the rapidly expanding market for AI-powered infrastructure, where demand for computing power is increasingly linked to reliable and scalable power systems.

Share Price History

In the last five trading session despite volatility in the domestic stock market, the stock rose over 5 per cent. In five years, the stock soared nearly 300 per cnet an d in a year the company shares jumped nearly 20 per cent. This year till date, the IT stock has remained flat, rising by over 2 per cent.

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Meanwhile, the stocks 52 week high and low values stood at Rs 38 and Rs 14.95, respectively.

Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.


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