Shares of Blue Cloud Softech Solutions surged over 17% on Monday, June 22, after the company informed the stock exchanges that it is evaluating preliminary business opportunities in the artificial intelligence space with Elon Musk’s SpaceX International Ltd.
In a filing to BSE, Blue Cloud Softech said it is exploring non-binding opportunities related to AI technology with SpaceX.
On Monday, shares of the small-cap stock, which currently trades under Rs 50, opened at Rs 18.55 and surged nearly 19% to hit an intraday high of Rs 21.67 apiece on the BSE.
Shares of Blue Cloud Softech last traded 16.78% higher at Rs 21.09 apiece on the BSE.
This compares to a 0.59% rise in the BSE 30-share Sensex.
The small-cap AI stock has soared 16% in five days and 14% in one month.
The company commands a market cap of Rs 1,592.01 crore, according to stock exchange data.
