Over 1900% Multibagger Returns & Back-to-Back Upper Circuits: Penny Stock Hits 67 Consecutive Upper Circuits, Surges from Single-Digit to Triple-Digit Price

On Monday, shares of Colab Platforms Limited hit a 2 per cent upper circuit to Rs 111.15 per cent from its previous closing of Rs 108.98 per share. The stock also made a 52-week high of Rs 111.15 per share and its 52-week low is Rs 5.42 per share.

Colab Platforms Ltd, a BSE-listed diversified technology platform, today announced its strategic foray into the fast-growing drone technology sector through a nonbinding Memorandum of Understanding (MoU) with RRP Drones Innovation Private Limited, RRP Group Company (RRP Drones). The proposed partnership aims to establish a Special Purpose Vehicle (SPV) for the development, manufacturing and deployment of AI-powered autonomous drones with applications spanning Border Security surveillance, Industrial sites, Law Enforcement, Agriculture & Environment Protection

This marks Colab’s entry into an entirely new technology vertical that aligns with its strategy of building future-ready platforms in sunrise industries. By joining hands with RRP Drones, Colab is expanding from digital, sports, fintech and esports platforms into aerospace & drone technology, a sector projected to scale rapidly in India and globally. The global commercial drone market is expected to reach USD 55-90 billion by 2030, at a CAGR between 7.7 per cent– 14.3 per cent. In India, the drone sector is estimated to touch Rs 1.95 lakh crore (USD 23 billion) by 2030, supported by government incentives, PLI schemes and agriculture adoption initiatives. Government support, including the PLI scheme for drones (Rs 120 crore) and the Kisan Drone subsidy program, provides a strong foundation for scaling adoption across industries.

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 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 Rs 2,267 crore and the stock gave multibagger returns of over 1,950.73 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.