New Delhi, March 18 -- Multibagger small-cap IT stock under Rs.50 Blue Cloud Softech Solutions surged 6% on Thursday, March 18 following a rally in overall IT space and the broader Indian stock markets.

The Nifty IT index jumped over 4% in trade today on profit booking snapping its six-day losing run. All constituents in the IT pack were trading in the green, rising as much as 5%. Meanwhile, the benchmark indices Sensex and Nifty also advanced around 1% each in trade today.

The small-cap stock soared as much as 6% to its day's high of Rs.19.70.

Despite today's rise, the small-cap stock continues to trade well below its peak levels. Blue Cloud Softech Solutions is still 48% lower than its 52-week high of Rs.38, which was recorded in Nov...