Multibagger IT Stock engaged in providing computer hardware and software, processing job work, and many more hit a 2 percent upper circuit in the day’s trade upon announcing the record date for the company’s stock split of 1:5
With a market capitalization of Rs. 168 Crores, the shares of Colab Cloud Platforms Limited hit a 2 percent upper circuit at Rs. 165.30. It has delivered multibagger returns of 155 percent in a year.
The Board of Directors of Colab Cloud Platforms Limited has declared the stock split of equity shares of the company where one equity share with a face value of Rs. 10 will be split into 5 equity shares having a face value of Rs. 2
In addition, Colab Cloud Platforms Limited has considered and fixed March 13, 2024, as the record date for ascertaining the eligibility of shareholders for the split of equity shares.
Colab Cloud Platforms Limited is engaged in providing computer hardware and software, processing job work, trading shares and securities, and information technology-related services.
Its revenue from operations grew by 477 percent from Rs. 26 Lakhs in FY22 to Rs. 1.50 Crores in FY23, accompanied by increasing profits of Rs. 0.14 Lakhs to Rs. 0.85 Lakhs.
It has reported a return on equity (ROE) of 7.13 percent and a return on capital employed (ROCE) of 9.52 percent, it is making decent returns on its equity and capital employed.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
