• Source:JND

IT Stock Under Rs 50: The shares of Blue Cloud Softech Solutions soared over 17 per cent in early trade on Monday after the BSE-listed small-cap tech company informed that it is evaluating business opportunities in the field of artificial intelligence tech with SpaceX International Ltd.

The stock opened slightly higher at Rs 18.55 as compared to the last day's closing of Rs 18.06 on BSE. However, after the announcement was made through an exchange filing, the tech stock soared high to hit an early high of Rs 21.67, up over 17 per cent from the last day's closing.

Last seen, the stock was trading at 21.12, up 16.94 per cent or Rs 3.06. Meanwhile, its 52-week high and low values stood at Rs 38 and Rs 16.51, respectively.

Company Reviews Business Opportunity In AI

In an exchange filing, the tech company announced that it is evaluating preliminary, non-binding business opportunities in the field of artificial intelligence technology with SpaceX International Ltd.

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"The parties have, at this stage, established only a framework for the exchange of information to facilitate discussions and an evaluation of potential areas of collaboration. This reflects the Company’s continued focus on exploring strategic opportunities in the digital infrastructure and technology ecosystem," the exchange filing said.

Stock Market Today

The key domestic equity indices--Sensex, Nifty-- were trading higher, rebounding from last session's decline amid buying interest on firm global cues. Last seen, Nifty50 was quoted at Rs 24,128.45, up 115.35 or 0.48 per cent higher. BSE Sensex was trading at 77,193.30, 390.40 points or 0.51 per cent. Tech stocks saw some recovery after facing a massive sell-off in the last trading session.   

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


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