Blue Cloud Softech Solutions shares closed 5% higher at ₹21.70 on Monday, following the announcement of a significant new contract with SpaceX International.
The company confirmed that its US subsidiary, Blue Cloud Softech Solutions Inc., has executed a five-year Master Services Agreement with the aerospace and defense manufacturer.
The stock had already risen more than 4% in early trade on heavy volume, buoyed by earlier bullish updates regarding the company's AI initiatives.
The deal marks a notable expansion for the small-cap IT firm, which has seen increased investor interest amid broader market enthusiasm for artificial intelligence and space-sector technology providers.
The stock had already risen more than 4% in early trade on heavy volume, buoyed by earlier bullish updates regarding the company's AI initiatives.
The closing price of ₹21.70 reflects sustained buying interest after the contract details were disclosed.
The agreement underscores the company's growing footprint in the US market and its ability to secure long-term partnerships with major technology and aerospace players.