New Delhi, Feb. 24 -- Shares of small-cap IT company Blue Cloud Softech Solutions jumped as much as 4% on Tuesday, February 24, defying the tepid mood in the Indian stock market as investors cheered the company's latest acquisition that aims to strengthen its Blue Energy platform.

Blue Cloud Softech Solutions share price hit the day's high of Rs.23.89 on the BSE, up 4.3% as against its last closing price of Rs.22.90. However, the stock failed to sustain at such high levels and was trading at Rs.22.99 at the time of writing the report.

An exchange filing shared by the company stated that Blue Cloud Softech Solutions has received board approval to enter into a definitive agreement framework to acquire 100% of Global Impex Inc. from Connec...