Blue Cloud Softech Solutions soars on inking MoU with VR Siddhartha Engineering College
Blue Cloud Softech Solutions soars on inking MoU with VR Siddhartha Engineering College
Feb-06-2025 13:11 Hrs IST
Blue Cloud Softech Solutions is currently trading at Rs 40.00, up by 1.01 points or 2.59% from its previous closing of Rs 38.99 on the BSE.
The scrip opened at Rs 39.84 and has touched a high and low of Rs 42.50 and Rs 39.02 respectively. So far 140955 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 1 has touched a 52-week high of Rs 130.50 on 29-Jul-2024 and a 52-week low of Rs 23.04 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs 42.50 and Rs 36.60 respectively. The current market cap of the company is Rs 1745.13 crore.
The promoters holding in the company stood at 1.74%, while Institutions and Non-Institutions held 22.96% and 75.30% respectively.
Blue Cloud Softech Solutions has signed a Memorandum of Understanding (MoU) with VR Siddhartha Engineering College (Deemed to be University), Vijayawada, to strengthen industry-academia collaboration and drive technological advancements. The total value of this collaboration, including the establishment of the Digital Forensics and Cyber Security Lab, is estimated to be up to Rs 100 lakh.
As part of the agreement, students from VR Siddhartha Engineering College will gain hands-on experience through internships, research projects, and training programs at Blue Cloud Softech Solutions. This will not only help nurture future-ready professionals but also enable the company to access a pool of talented graduates equipped with strong technical expertise.
The MoU is effective for a period of 36 months and will serve as a framework for future collaborative projects. Both parties have also emphasized a commitment to confidentiality regarding intellectual property and proprietary information shared during the collaboration.
Blue Cloud Softech Solutions is carrying on the business of designing, developing, computer software and marketing in India or abroad and providing data processing services of all kinds including computer consultancy, systems analysis, and programming and computer maintenance in India or abroad.
