New Delhi, June 22 -- Shares of Blue Cloud Softech Solutions Ltd. hit 20% upper circuit of Rs.21.67 apiece on the BSE Monday, after the company said it was evaluating business opportunities in AI.

The rally in Blue Cloud Softech's share price was also supported by robust trading volumes. Around 1 crore equity shares changed hands on BSE as compared to its one-week average trading volumes of 8 lakh and one-month average of 9 lakh.

The company is "evaluating preliminary, non-binding business opportunities" in the field of artificial intelligence technology with SpaceX International Ltd.

The parties have, at this stage, established only a framework for the exchange of information to facilitate discussions and an evaluation of potential ar...