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IT Stocks Under Rs 30: The shares of Blue Cloud Solutions soared in early trade on Monday at According to the exchange filing, the company announced that the board of directors will meet on Friday, May 23, 2025, at 4 p.m. to discuss several topics, including the approval of a fundraiser. At around 11:41 am, the stock was trading at Rs 19.29 on BSE, up 2.0% against the previous day's closing price of Rs 19.01. 

Blue Cloud Softech Solutions' shares ended Friday's last trading session at a 2% upper circuit limit of Rs 19.01 per share, with a market valuation of Rs 829.37 Cr..

Read more at: https://www.goodreturns.in/news/after-2-1-stock-split-this-it-stock-locked-in-upper-circuit-to-consider-overseas-acquisition-fccb-1429975.html

The filing data indicates that the company will either use "cash or swap of equity shares," or a combination of both, to complete an acquisition move outside of India.

The company's board will also authorise a fundraising initiative that involves issuing foreign currency convertible bonds (FCCBs) in conjunction with the acquisition move. With the chairman's approval, the board may also discuss any other business-related topic.

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"We hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 23rd Day of May 2025 at 04.00 PM inter alia to consider the following: 1. To finalise acquisition Outside India either through CASH or SWAP of Equity Shares or a combination thereof. 2. Raising of funds by way of issuance of Foreign Currency Convertible Bonds (FCCBs) subject to regulatory and other approvals, as may be required. 3. Notice convening general meeting / postal ballot process to seek approval of the shareholders in respect of the aforesaid proposal will be shared separately. 4. Any other business with the permission of the Chair," the company said in an exchange filing.

Stock Performance

Over the past five years, stock market investors have received returns on their investments of over 233% from Blue Cloud Softech shares. But over the past year, the shares have dropped by just over 45%. The stock has lost almost 60% of its value in 2025 on a year-to-date (YTD) basis, but it has increased by about 15% in the last month.

According to information gathered from the BSE website, the shares reached their 52-week high of Rs 130.50 on July 29, 2024, and their 52-week low of Rs 14.95 on April 17, 2025. At the moment, the shares are trading just above their lowest points of the year.

Stock Split

Blue Cloud Softech Solutions Limited (BCS) previously conducted a 2:1 stock split, dividing each equity share with a face value of Rs 2 into two shares with a face value of Rs 1. The stock split was approved by shareholders on December 30, 2024, and the record date was January 20, 2025. The purpose of the split was to expand the investor base and enhance liquidity.

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Disclaimer: This story is just a piece of news about recent developments in the stock. Jagran does not advise investing, please do take expert's opinion before investing.