Back-to-Back Upper Circuit Stock: This IT Company Share Price Hits Back-to-Back 53 Upper Circuits, 1,455% Multibagger Returns from 52-Week Low

On Tuesday, shares of Colab Cloud Platforms Limited hit a 2 per cent upper circuit to Rs 84.31 per cent from its previous closing of Rs 82.66 per share. The stock also made a 52-week high of Rs 84.31 per share and its 52-week low is Rs 5.42 per share.

The Indian government has taken a significant step toward regulating the online gaming landscape with the passage of the Promotion and Regulation of Online Gaming Bill, 2025. This legislation, which cleared the Lok Sabha on August 20th, aims to combat issues like gambling addiction and financial fraud by prohibiting real-money online games. By creating a distinct framework, the bill seeks to foster a healthier and more sustainable digital ecosystem while separating harmful gambling practices from legitimate competitive sports.

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A key aspect of this new bill is its formal recognition of e-sports as a legitimate competitive sport. The legislation lays the groundwork for e-sports development in India by introducing guidelines for event organisation, establishing training academies and research centres and creating incentive programs to foster innovation. This progressive approach is designed to integrate e-sports into the nation's broader sporting policies and create a supportive environment for its growth.

In response to the government's move, Colab Platforms, a leading Indian tech, sports and gaming company, has expressed strong support for the new bill. The company's vision aligns with the government's goal of establishing India as an e-sports powerhouse. Colab Platforms, which focuses on integrating technology with sports management, is committed to providing a platform that empowers gamers, allows them to showcase their skills and provides structured opportunities for participation and recognition.

About the Company

Colab Platforms Limited is a publicly traded company on the Bombay Stock Exchange, specialising in innovative technological solutions across multiple sectors. The company leverages its expertise in advanced technologies to deliver growth and improve user experiences. Focused on providing customised, technology-based processing solutions, Colab Platforms helps clients meet their objectives. The company is committed to contributing to India's professional community by harnessing the country's diverse and talented workforce, solidifying its role in India's emergence as a global technology hub.

The shares of the company ex-traded bonus-stock-split">stock split on Wednesday, May 21, 2025, for a two-for-one stock split, subdividing each equity share with a face value of Rs 2 into two equity shares with a face value of Re 1 each. The company has a market cap of over Rs 1,500 crore and the stock gave multibagger returns of over 1,455 per cent from its 52-week low of Rs 5.42 per share.

Disclaimer: The article is for informational purposes only and not investment advice.