Circuit-to-circuit stock: Small-cap stock Colab Platforms hit the 2% upper circuit limit for the 81st straight session on Tuesday, May 6. Colab Platforms share price has been locked in the upper circuit from January 6 onwards, driving its market capitalisation to nearly ₹1,500 crore.
During this period, Colab Platforms share price has rallied a whopping 393.6%, surging from ₹29.68 apiece to today’s high of ₹146.50, delivering multibagger gains to its investors. Colab Platforms has been a multibagger stock over different time frames. In the last one year, it has surged 680%, and in the last two years, it has zoomed 2,150%.
In trade today, Colab Platforms share price opened at ₹146.50, its upper price band, as against the previous close of ₹143.65 apiece.
The total traded quantity on BSE was 98,000 shares, which was lower than the two-week average of 3.46 lakh shares. However, there were around 13,20,875 buy orders for Colab Platforms shares versus 83,920 sell orders around 11.10 am.
