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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.

Colab Platforms, last week, announced the record date for its proposed stock split in the 1:2 ratio. The small-cap stock has fixed Wednesday, May 21 as the stock split record date.

Earlier in April, it had announced a subdivision or split of the existing fully paid-up equity share of the company from one equity share having a face value of ₹2 each to two equity shares having a face value of ₹1 each.

This is the second stock split by the company in over a year. Last time, the company had split its stocks in the ratio of 1:5, meaning one share of the company of the face value of ₹10 was split into five shares of the company with a face value of ₹2. The record date for the last stock split was March 19, 2024.

Apart from the stock split, Colab Platforms also rewarded shareholders with a dividend of 0.5% or ₹0.01 per equity share of face value of ₹2 each.

The Board fixed Thursday, April 24, 2025, as a Record date to determine the eligible members entitled to receive the interim dividend. The dividend will be paid on or before Friday, May 16, to the eligible shareholders as on the record date, the company said in an exchange filing.

Incorporated in 1989, Colab Platforms (formerly Colab Cloud Platforms) deals in IT products.

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