Blue Cloud Softech Solutions Limited (BCSSL) surged to its upper circuit limit today, trading at RS 28.66, up by 4.77 points or 19.97% from its previous close of RS 23.89 on the BSE.

The stock opened at RS 25.24 and recorded a high and low of RS 28.66 and RS 25.24 respectively, with 30,08,129 shares traded so far. The BSE Group ‘B’ stock, with a face value of RS 1, has registered a 52-week high of RS 79.95 (11-Nov-2024) and a 52-week low of RS 14.95 (17-Apr-2025).

Over the past week, the scrip’s high and low stood at RS 28.66 and RS 23.00 respectively. The company’s current market capitalization is RS 1,233.80 crore. Promoters hold 34.54%, while Institutional and Non-Institutional investors hold 22.94% and 42.52% respectively.

In a major development, BCSSL has signed a strategic $15 million Memorandum of Understanding (MoU) with Byte Eclipse, a US-based IoT company, to design and develop Edge AI Chips for the Oil & Gas (O&G) industry. This collaboration reinforces BCSSL’s commitment to offering innovative, cost-effective, and technology-driven solutions for industrial transformation.

The partnership aims to develop advanced Edge AI chips capable of real-time, on-site data processing and predictive maintenance. These chips are designed to handle the O&G sector’s challenges — including harsh conditions, remote locations, and the demand for secure and autonomous operations.

Phase 1 of the project, worth $15 million, is expected to be completed within 18 months, followed by additional phases for global deployment.

Blue Cloud Softech Solutions engages in software design, development, marketing, and data processing services, including computer consultancy, systems analysis, programming, and maintenance, both in India and abroad.