Archive · 3 Dec 2025
Blue Cloud Softech Shares Jump 5% After Major AI Project Win
Blue Cloud Softech Solutions, a company that uses AI to help other businesses, saw its stock price go up by 5% on December 3, 2024.
This happened because they got a big new project worth ₹110.8 crore from a company in the US called Stratos Forge Inc.
The project is about labeling and preparing data for AI systems.
The company's chairman said they are happy to work more with Stratos Forge because of their successful past work together.
Even though the stock price has been going down for a while, this new project seems to have made investors more optimistic.
The company has been making money and growing its revenue, which is good news for its shareholders.
Blue Cloud Softech Solutions' shares jumped 5% on December 3, 2024, reaching ₹21.30 apiece.
The company secured an ₹110.8 crore data annotation and AI training services order from US-based Stratos Forge Inc.
The project involves advanced annotation ecosystems to meet large-scale production requirements.
The company's shares have been declining since August 2024, losing 84% of their value from the all-time high of ₹130.50 in July 2024.
For the quarter ending September, the company reported a net profit of ₹15 crore and revenue of ₹253 crore.
- Who
- Blue Cloud Softech Solutions Ltd. and Stratos Forge Inc.
- What
- Blue Cloud Softech's shares jumped 5% after securing a major data annotation project.
- When
- December 3, 2024
- Where
- India (stock market)
- Why
- The company secured an ₹110.8 crore data annotation and AI training services order from Stratos Forge Inc.
- Company
- Blue Cloud Softech Solutions Ltd.
- Stock Price Increase
- 5%
- Project Value
- ₹110.8 crore
- Client
- Stratos Forge Inc.
- Project Type
- Data Annotation and AI Training Services
- Current Share Price
- ₹21.30
- All-Time High
- ₹130.50 (July 2024)
- Current Share Price Decline
- 84% from all-time high
- Retail Shareholders' Stake
- 42.5%
- Q2FY25 Net Profit
- ₹15 crore
- Q2FY25 Revenue
- ₹253 crore