IT Stock Below Rs 50 Hits Upper Circuit On Securing $9.36 Million Project From US Client

Blue Cloud Softech Solutions Limited (BCSSL) saw its stock hit the upper circuit on Tuesday, surging 2 per cent to Rs 32.78 per share after a previous finish of 32.14 on the BSE. Over the past year, the shares have more than doubled from a low of Rs 14.95, turning them into a multibagger, yet the stock trades far below the 52-week peak of Rs 130.50.

The latest rally was driven by news that the Hyderabad technology firm won a $9.36 million, roughly Rs 78-crore, contract to build a tailored coastal-monitoring system for a stretch of South American shoreline. Awarded by a client based in the United States, the 18-month initiative is seen as a pivotal move for BCSSL as it pushes deeper into the global security-and-surveillance market.

The planned initiative will see BCSSL install a state-of-the-art coastal security system that merges artificial intelligence, Internet-of-Things sensors, and cloud computing. The architecture pairs ultra-high-definition 4K surveillance cameras with a 2-kilometre viewing radius, autonomous drones that can loiter for up to 4 hours and cover 50 kilometres, and swift patrol trawlers that cruise at 35 knots. Together, these assets will feed continuous data into a modern Command and Control Centre, where AI algorithms flag potential threats and operators receive a single real-time dashboard.

Ms. Janaki Yarlagadda, Chairperson of Blue Cloud Softech Solutions Limited, said, "We are delighted to have secured the US $9.36 million Coastal Surveillance Project, marking a significant step in expanding our footprint in the global security and surveillance market. We take pride in deploying our cutting-edge coastal surveillance solution that integrates advanced AI, IoT, and cloud technologies to enhance coastal safety and enable proactive threat management. This contract underscores our commitment to delivering sophisticated, customized security systems that meet complex regional demands while maintaining the highest standards of reliability and technological excellence. We remain dedicated to empowering our partners with solutions that protect communities and reinforce national security infrastructure."

News of the award arrives as the global security market landscape remains dynamic and expanding. Valued at USD 17.23 billion in 2024, analysts project a compound annual growth rate of 8.8 per cent, lifting the total to USD 36.85 billion by 2033.

In January, the board implemented a 2-for-1 stock split, cutting the face value of each share from Rs 2 to Rs 1. Management indicated that the restructuring was intended to improve trading volumes and attract a broader base of retail shareholders. Following the split, the company's market capitalisation is roughly Rs 1,430 crore.

Blue Cloud Softech Solutions, headquartered in Hyderabad, ranks among India's leading developers of AIoT platforms, with particular emphasis on intelligence-driven healthcare and tech products. The firm's home-grown, innovation-first ethos has positioned it as a preferred partner for enterprises and governments worldwide, accelerating progress in security, health care, and smart-city infrastructure.