GENERAL25 Sept 2026
Small-cap IT stock under ₹50 jumps 17% as US subsidiary gets AI project worth ₹147 crore | Stock Market News
Blue Cloud Softech's US subsidiary GIX won a $15.5 million, about ₹147 crore, order from IBM Cloud. Shares rose 17% to ₹23.50 on September 25. The work covers artificial intelligence infrastructure design, deployment and support in the US, paid across five milestones. For investors, it shows smaller IT firms can win large AI orders, though the stock trades below its 52-week high.
Key Statutory Highlights
- Blue Cloud Softech's US subsidiary GIX secured a $15.5 million, roughly ₹147 crore, order from IBM Cloud for AI infrastructure services.
- The stock jumped as much as 17.2% to its day's high of ₹23.50 per share on BSE on Friday, September 25.
- The project sets service levels of at least 99.5% infrastructure and GPU availability, with critical alerts within 15 minutes.
Actionable Advice for Taxpayers / Founders:Please don't chase the price jump on this single order. Wait for the company's filings to show how the five milestone payments actually turn into revenue, and check with your investment adviser before you buy or sell.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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