New Delhi, Aug. 10 -- Small-cap IT stock Blue Cloud Softech surged as much as 11% on BSE in Monday's trading session after the company announced it has signed $150 million worth contract with SpaceX International.

Blue Cloud Softech share price opened at Rs.20.11 apiece on BSE today, as compared to previous close of Rs.19.74 on Friday last week. The small-cap stock touched an intraday high of Rs.22.80 on 10 August.

In an exchange filing on 10 August, Blue Cloud Softech announced that its wholly owned US subsidiary, Blue Cloud Softech Solutions Ltd - USA, has executed Statement of Work No. 1 with SpaceX International Ltd, MY.

The SOW has been issued pursuant to and forms part of the Master Services Agreement executed between the parties...