Blue Cloud Softech Solutions surges on inking MoU with ConnectM Technology Solutions
Blue Cloud Softech Solutions is currently trading at Rs. 24.89, up by 0.41 points or 1.67% from its previous closing of Rs. 24.48 on the BSE.
The scrip opened at Rs. 24.69 and has touched a high and low of Rs. 25.20 and Rs. 24.69 respectively. So far 519677 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.64 on 08-Jan-2025 and a 52 week low of Rs. 14.95 on 17-Apr-2025.
Last one week high and low of the scrip stood at Rs. 25.24 and Rs. 24.06 respectively. The current market cap of the company is Rs. 1878.94 crore.
The promoters holding in the company stood at 34.54%, while Institutions and Non-Institutions held 22.94% and 42.52% respectively.
Blue Cloud Softech Solutions has entered into a Memorandum of Understanding (MoU) with ConnectM Technology Solutions, a specialist in automotive electronics and hardware systems, for the joint development of a semiconductor-based EdgeAI System-on-Chip (SoC) focused on next-generation automotive cybersecurity applications.
Under the terms of the MoU, the company will lead the architecture, design, and development of an advanced EdgeAI SoC platform, integrating real-time threat detection, intrusion prevention, and continuous security management capabilities. The semiconductor solution is being purpose-built for deployment in Telematics Control Units (TCUs), Vehicle Control Units (VCUs), and other critical electronic modules used in electric, connected, and software-defined vehicles.
The collaboration represents a strategic step in the company’s expansion into automotive semiconductor development, combining its deep expertise in cybersecurity software, AI, and secure systems with ConnectM’s strengths in automotive-grade hardware, diagnostics, and OEM integration. The EdgeAI SoC will be exclusively customized for ConnectM’s onboard automotive hardware platforms, while the company will retain ownership of the core intellectual property related to the semiconductor design and cybersecurity technologies.
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.
