Shares of this penny stock jumped approximately 3 percent in Thursday’s trading session after its step-down subsidiary launches AI integration in the Healthcare sector. In the past six months, the company’s stock jumped nearly 55 percent.
With a market capitalization of Rs 213.49 crores, the stocks of SecureKloud Technologies Limited opened their trading hour on Thursday at Rs 64.35 and currently trade at Rs 63.90, gaining approximately 3 percent compared to the previous close of Rs 62.09 apiece.
Such bullish stock price movements were observed today after the company, in a recent filing with the Bombay Stock Exchange (BSE), intimated that its step-down subsidiary launched AI integration in the Healthcare sector.
Healthcare Triangle Inc. (HCTI), a frontrunner in healthcare technology, launched a new ‘SaaS’ solution designed to spearhead AI integration in the healthcare sector. Key features of HCTI’s new SaaS solutions include AI-Powered Clinical Decision Support, Interoperability and Seamless Integration, Security and Compliance, Patient-centric Engagement, etc.
‘Grand View Research’ projects global AI in the healthcare market to reach $208.2 billion by 2030, indicating immense potential for AI integration in transforming the healthcare landscape.
“The unveiling of our new SaaS solutions marks a significant step towards realizing this vision globally, providing access to cutting-edge technology even in technologically under-developed regions, to align with the global healthcare standards,” commented Mr. Anand Kumar, Chief Revenue Officer, Healthcare Triangle.
During the recent financial quarters, the company’s basic business parameters showed mixed movements with the operating revenues, on one end, reducing from Rs 93 crores during Q2FY24 to Rs 87 crores during Q3FY24, and the latter, keeping the timeframe the same, reduced their losses from Rs 17 crores to Rs 13 crores.
SecureKloud Technologies Limited is a cloud-native company having a combination of products, services, and frameworks to solve problems around Cloud, Enterprise Security, Blockchain, Decision Engineering, and many more. The company provides cloud expertise, automation, analytics and has partnerships with Microsoft Azure, Amazon Web Services, etc.
Written by Amit Madnani
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