Shares of this company are up by 100 per cent in a month. Do you own it?

Decipher Lab stock price has witnessed a steep rise in last one month from Rs 30 each stock to Rs 59 on BSE thus clocking almost 100 per cent jump in just 10 days.

Decipher Lab stock price has witnessed a steep rise in last one month from Rs 30 each stock to Rs 59 on BSE thus clocking almost 100 per cent jump in just 10 days. On Thursday, December 2, the stock is up by 10 per cent on the bourses. 

The Board of Directors of Decipher Labs engaged in providing Services and key Solutions in the Information Technology Industry have informed the Bombay Stock Exchange that it has been aggressively working towards the expansion goals and have considered various proposals of the company including the options of acquisition of businesses in the pharma and information technology sectors. 

With a view to expanding its presence further in the Information Technology Sector, the company, through its subsidiary is looking to foray into the Artificial Intelligence, Virtual Reality and Augmented Reality Space (Which is currently in news as Metaverse Space). The company has identified and initiated talks with a US-based company for the development and marketing of the combination of multiple elements of technology, including Virtual Reality, Augmented Reality and videos where users live within the digital universe. 

The process is in the nascent stage of development and the company will update the exact nature and terms of arrangements as and when the same are finalized, subsequent to due diligence and the feasibility and viability reports. 

India’s augmented reality and virtual reality market is expected to witness robust growth owing to the rising adoption of technology in diverse portfolio sectors including content generation, engineering etc, and the development of virtual applications to create customizable content. 

According to a recent survey, the virtual reality market is rising at a compound annual growth rate (CAGR) of 104.24 per cent. Also, boost by the Indian government has initiated several development programs, which are supporting the VR market. 

The company's clients include leading Blue Chip companies like Merck, IBM, SAP, Zeiss, etc.