Hyderabad-based IT company, Blue Cloud Softech Solutions Limited, has scheduled a board meeting on October 16, 2024, at 4:00 PM to discuss a potential stock split. This decision will be made under the guidelines of SEBI’s Listing Obligations and Disclosure Requirements, as well as Section 61(1)(d) of the Companies Act, 2013.
Trading Window Closure
Ahead of this board meeting, the company has closed its trading window starting September 27, 2024. The window will remain closed until 48 hours after the financial results for the second quarter and half-year ending on September 30, 2024, are released. This step is in line with SEBI’s insider trading regulations.
Blue Cloud Softech Share Price History
Shares of Blue Cloud Softech Solutions rose by 1.66% on September 26, closing at ₹171.00 per share. The company has given massive returns of 192% over the last six months, though the stock dipped 21% in the past month. It currently holds a market value of ₹3,730.21 crore. The stock recently hit its upper circuit for two consecutive days, rising by 5% and closing at ₹160.20 on September 24, 2024.
Over the last six months, the stock has soared by 182%, while over the past two years, it surged 877%. In the last three years, it has appreciated by an incredible 1,400%, cementing its reputation as a multibagger.
Shareholding Pattern
Foreign Institutional Investors (FIIs) hold 22.93% of the company’s shares, indicating strong international interest. The promoters own 34.01%, while non-institutional investors account for the remaining 43.05%.
This stock split decision could bring even more excitement to this already high-performing IT stock.
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