1:1 bonus share; 5:1 stock split: Heavy buying in this multibagger micro-cap stock at Rs 168.60; hit back-to-back upper circuits & 52-week highs!
The stock gave multibagger returns of 367.7 per cent from its 52-week low of Rs 36.05 per share and a whopping 670 per cent in 3 years.
Colab Cloud Platforms Ltd informed that a meeting of the Board of Directors of the company issue of 5,10,00,000 bonus equity shares in the ratio of 1:1 i.e., 1 fully paid-up equity share for every 1 existing equity share having a face value of Rs 2 each, held by the members of the company as on record date. Additionally, the Board has approved the sub-division/split of existing fully paid-up equity shares of the company from 1 equity share having a face value of Rs 10 each to 5 equity shares having a face value of Rs 2 each, subject to the approval of members. The company did not fix the record date for bonus shares yet but the record date for the stock split is fixed as Wednesday, March 13, 2024.
Today, shares of Colab Cloud Platforms Ltd hit a 2 per cent upper circuit to Rs 168.60 per share from its previous closing of Rs 165.30. The stock also made a fresh 52-week high of Rs 168.60 while its 52-week low is Rs 36.05. In the recent trading sessions, the stock has been hitting back-to-back upper circuits and 52-week highs.
Established in 1989, Colab Cloud Platforms Ltd is a multifaceted Indian company that delves into both the physical and digital realms of IT. They engage in computer hardware and software processing job-work, essentially handling the behind-the-scenes grunt work that keeps technological systems running smoothly. The company has a market cap of Rs 171.97 crore.
According to the Quarterly Results, the net sales increased by 83.6 per cent to Rs 1.12 crore and net profit increased by 109.5 per cent to Rs 0.88 crore in Q3FY24 over Q3FY23. In its annual results, the net sales increased by 477 per cent to Rs 1.50 crore and net profit increased by 507 per cent to Rs 0.85 crore in FY23 over FY22.
The stock gave multibagger returns of 367.7 per cent from its 52-week low of Rs 36.05 per share and a whopping 670 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
2:1 bonus share, 2:1 stock split with 4,500 per cent multibagger returns: Board approve USD 50,00,000 fund raising through issue of foreign currency-denominated bonds!
-
5:1 stock split after 57:10 bonus shares 10 years ago: Back-to-back upper circuits & 52-week highs in this multibagger power stock; rockets 50,000 per cent!
-
Double treat with 7:1 bonus share & 10:1 stock split: Heavy buying in this multibagger NBFC stock; hit non-stop 34 consecutive upper circuits – know the record date inside
-
8,000 per cent multibagger returns; Board announces 6:11 bonus shares and 10:1 stock split – PAT zooms 1,294 per cent
-
Bonus shares & stock split: Heavy buying in this multibagger micro-cap stock, hitting 10 consecutive upper circuits and 52-week highs!
-
2,180 per cent multibagger returns in this micro-cap stock; Board announces bonus shares & stock split!
-
FII bought 75,000 shares of this multibagger stock; Board is likely to announce bonus shares & stock split and company bags new orders worth Rs 16.23 crore from CMSS!
-
10,400 per cent multibagger returns: Board likely to announce bonus shares & stock split; Mukul Agrawal and Madhusudhan Kela collectively bought 50,000 shares!
-
Back-to-back upper circuits in this multibagger penny stock below 3; Board allocates 98,00,02,000 fully paid-up bonus equity shares!
-
Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 80; Board announces bonus shares and stock split!
-
Multibagger penny stock under Rs 75 hit back-to-back upper circuits: Board announces bonus shares & stock split; PAT zooms over 2,500 per cent!
-
795 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!
-
2,750 per cent returns in this multibagger micro-cap stock; Board likely to announce stock split after 24:100 bonus shares!
-
Multibagger penny stock under Rs 80; Board likely to announce bonus shares & stock split!
-
Multibagger penny stock under Rs 60 with 4,000 per cent returns: Board announced bonus shares & stock split; scrip hit upper circuit!
-
Multibagger from its 52-week low; Board announces bonus shares & stock split for the first time ever!
-
Multibagger penny stock below Rs 50 with 140 per cent returns; Board announces stock split of equity shares!