Blue Cloud Softech Solutions shares hit the 5% upper circuit limit of ₹19.95 on the Bombay Stock Exchange on Tuesday, driven by robust buying interest that snapped a three-day losing streak.
The small-cap technology firm’s stock surged 5% in the session, marking a brief reprieve in a broader downtrend that has seen the share price fall 38% over the past year and 81% over two years.
42% to ₹16.51, despite the company revealing it had been empanelled by Bharat Sanchar Nigam Ltd (BSNL).
The trading activity follows a period of high volatility for the stock.
In recent sessions, shares had hit a 20% upper circuit for two consecutive days following the company’s announcement of new expansion plans.
However, momentum quickly reversed when the stock fell sharply by as much as 9.42% to ₹16.51, despite the company revealing it had been empanelled by Bharat Sanchar Nigam Ltd (BSNL).
The current rebound suggests speculative interest remains active, even as the broader Dalal Street trend remains weak.