Archive · 19 May 2025
IT Stocks Gain Amid Market Fluctuations, FCCB Issuance
Some IT stocks are doing well even when the overall market is down.
Kellton Tech's stock went up because they plan to sell bonds that can later be converted to shares.
Blue Cloud Softech is also seeing gains because of an upcoming meeting where they will talk about buying another company.
The market is fluctuating due to various factors, but some IT companies are still performing positively.
Kellton Tech Solutions shares traded in the green on Monday, despite a downturn in the IT sector.
Kellton Tech announced the issuance of $10 million in Foreign Currency Convertible Bonds (FCCBs).
Blue Cloud Softech Solutions Ltd. shares hit the upper circuit for the fifth consecutive day.
Blue Cloud Softech will discuss an acquisition move and FCCB issuance at an upcoming board meeting on May 23, 2025.
Overall market indices Sensex and Nifty experienced declines in early trading.
- Who
- Kellton Tech Solutions and Blue Cloud Softech Solutions Ltd.
- What
- Kellton Tech announced Foreign Currency Convertible Bonds (FCCBs) and Blue Cloud Softech is in action with a potential acquisition move.
- When
- The trading activity occurred on Monday and in the days leading up to May 23, 2025.
- Where
- On the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Why
- Kellton Tech's gains are attributed to the announcement of FCCBs, and Blue Cloud Softech's gains are likely due to an upcoming board meeting and potential acquisition plans.
- Kellton Tech Stock Price (Monday)
- Rs 119.33
- Kellton Tech 52-week high
- Rs 184.30
- Kellton Tech Market Cap
- Rs 1,164.32 crore
- Blue Cloud Softech 52-week high
- Rs 130.50
- Blue Cloud Softech current share price
- Rs 19.39
- FCCB Issuance (Kellton Tech)
- $10 million
- Blue Cloud Softech Board Meeting
- May 23, 2025
