New Delhi, Oct. 30 -- Small-cap IT stock Blue Cloud Softech Solutions surged for the third straight session on Thursday, October 30, amid a spate of positive announcements. During this period, the small-cap stock below Rs.50 has rallied a whopping 40%.

Blue Cloud Softech Solutions' share price hit the day's peak of Rs.33 on the BSE today, a gain of 15% over its last closing price of Rs.28.63 apiece.

The gains today followed the appointment of Sukhvinder Gill, a former influential investor at SoftBank Vision Fund, as strategic advisor to the company.

Gill's joining comes at a pivotal time when Blue Cloud Softech Solutions is accelerating its growth and innovation agenda in the global technology sector, said the firm.

Gill is widely rec...