1:5 Stock Split, 1:1 Bonus Share: Multibagger NBFC Stock Hits Upper Circuit, 52-Week High

Small cap company from the NBFC sector, Colab Cloud Platforms Ltd shares hit 2% upper circuit and 52-week high in trade on Wednesday after the company recommended 1:5 stock split and 1:1 bonus share. Last trading price of Colab Cloud Platforms shares on BSE is Rs 99.15 apiece.

The company has a market capitalisation of Rs 101.13 crore. Colab Cloud Platforms shares gained 120% in last 6-months and zoomed 50% year-to-date. Check details below:

Colab Cloud Platforms Recommends Bonus Share: As per the BSE filing of the company dated January 24, 2024, "Issue of 5,10,00,000 (Five Crores Ten Lakh) Bonus equity shares in the ratio of 1:1 i.e. 1 (One) fully paid-up equity share for every 1 (One) existing equity share having face value of Rs. 2/- (Rupees Two only) each, held by the members of the Company as on Record Date, subject to necessary approvals as may be required."

Colab Cloud Platforms Approves Stock Split: As per the regulatory filing of the company dated January 24, 2024, "Sub-Division/Split of existing fully paid-up equity share of the Company from 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each to 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each, subject to approval of members."

Colab Cloud Platforms Stock Performance & Return: The 52-week high price of Colab Cloud Platforms shares on BSE is Rs 99.15 apiece and 52-week low price is Rs 36.05 apiece, respectively. Colab Cloud Platforms shares gained 57% in last 1-month span, soared 80% in last 3-months, gained 47% in last 1-year, and offered return of 167% in last 2-years. In last 3-years, Colab Cloud Platforms stock offered return of 398%.

Disclaimer: The stock highlights the bonus share, stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.