New Delhi, Nov. 3 -- IT stock Blue Cloud Softech Solution rose as much as 4 per cent to Rs.31 apiece on the Bombay Stock Exchange (BSE) after the company secured a $9.63 million contract for the defence sector.

The small-cap multibagger stock has been delivering significant gains in the near term, despite weak market sentiments. Blue Cloud Softech Solution's share price has delivered a whopping 25 per cent return in just five days and 67.51 per cent in six months.

In fact, the small-cap stock has rewarded its long-term investors with multibagger returns by surging over 425.44 per cent in five years.

In an exchange filing on Nov 2, Blue Cloud Softech Solutions announced that it has signed a $9.63 million contract with Axiom Vortex Inc, ...