From Rs 5.42 to Rs 35.42 per share in less than 8 months; Penny stock hit back-to-back upper circuits; An investment of Rs 1 lakh turns Rs 6.53 lakh!
The company has a market cap of over Rs 700 crore and the stock gave multibagger returns of 554 per cent from its 52-week low of Rs 5.42 per share.
On Monday, shares of Colab Cloud Platforms Limited hit a 5 per cent upper circuit to Rs 29.71 per cent to Rs 140.85 per share from its previous closing of Rs 28.30 per share. The stock’s 52-week high is Rs 76.81 per share and its 52-week low is Rs 5.42 per share.
Colab Cloud Platforms Limited, a top 2000 company listed on the Bombay Stock Exchange, is a key player in delivering innovative technological solutions across diverse sectors. The company leverages its expertise in advanced technologies to foster growth and enhance user experiences, specializing in customized, technology-based processing solutions designed to help clients achieve and surpass their objectives. Recognizing India's ascent as a global technology hub, Colab Cloud Platforms harnesses the nation's rich pool of talented professionals to significantly contribute to the broader professional community.
Recently, a BSE-listed sports tech and gaming company, has officially stepped into the billion-dollar Esports market, aiming to build India's most rewarding competitive gaming ecosystem. This strategic move leverages India's massive online gaming population and booming industry, which is projected to contribute over Rs 1100 crore to the Indian economy by 2025. Colab Esports plans to create a player-first, transparent, and skill-based infrastructure, nurturing digital athletes through low-entry, high-frequency tournaments and proprietary game servers, starting with Counter-Strike 2. This initiative integrates seamlessly with Colab's broader vision for a 360° sports ecosystem, supported by a Rs 250 million accelerator program for sports-tech innovation.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
The shares of the company ex-traded stock split on Wednesday, May 21, 2025, for a two-for-one stock split, subdividing each equity share with a face value of Rs 2 into two equity shares with a face value of Re 1 each. The company has a market cap of over Rs 700 crore and the stock gave multibagger returns of 554 per cent from its 52-week low of Rs 5.42 per share; An investment of Rs 1 lakh turns Rs 6.53 lakh in less than 8 months.
Disclaimer: The article is for informational purposes only and not investment advice.