Multibagger software stock hit upper circuit & 52-week high after bagging new order worth Rs 25,22,745.60 from Ola Electric Technologies Pvt Ltd
The stock gave multibagger returns of 1,000 per cent from its 52-week low (on December 29, 2023) of Rs 138 per share.
On Tuesday, shares of Trident Techlabs Limited hit a 5 per cent upper circuit to Rs 1,517.50 per share from its previous closing of Rs 1,445.25 per share. The stock also made a new 52-week high of Rs 1,517.50 per share while its 52-week low is Rs 138 per share.
Trident Techlabs Limited has been awarded a supply order from M/S Ola Electric Technologies Private Limited, Bangalore, for a specialized solution for Reliability Analysis of Electric Vehicles. This domestic order, valued at Rs 25,22,745.60 (including 18 per cent GST), requires Trident Techlabs to deliver the solution within 30 days.
Additionally, the company announced that its wholly owned subsidiary, Techlabs Semiconductor Private Limited, has appointed Mr Kizhepat Raghunathan Panicker as a Strategic and Business Development Advisor. Mr Panicker brings over three decades of experience in the semiconductor industry, with a strong background in software, system-level design, and business development. As an Executive Council Committee Member at the Indian Semiconductor Association, he possesses valuable industry insights. This consultancy agreement, effective January 6, 2025, aims to leverage Mr Panicker's expertise to accelerate Techlabs Semiconductor's business growth in key markets, including Aerospace/Defence, Manufacturing, Electronics, Automotive, and Academic Science & Engineering, across India, South Asia, South-East Asia, Europe and North America.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Trident Techlabs Ltd, founded in 2000, is a technology company that offers engineering solutions, including consulting and technical services, to a wide range of industries like aerospace, defence, automotive, telecommunications, semiconductor and power distribution. They also provide specific power system solutions to assist power distribution utilities in managing their infrastructure and integrating renewable energy sources.
The company has a market cap of Rs 2,622.4 crore. The shares have an ROE of 50 per cent and an ROCE of 38 per cent. The stock gave multibagger returns of 1,000 per cent from its 52-week low (on December 29, 2023) of Rs 138 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.