The multibagger software stock upper circuit and touched a 52-week high from Laola Electric Technologies Pvt Ltd at Rs. 25,22,745.60 after receipt of fresh order.

Earlier this week, shares of Trident Techlabs Ltd traded 5 percent upper circuit at Rs.  1,517.50 per share traded, up from the previous Rs.1,445.25 per share.    

The stock also touched a fresh 52- week high of Rs.    1,517.50 per share while the 52- week low was Rs.138 per share.A supply order has been awarded to Trident Tech labs Limited from M/S Ola Electric Technologies Private Limited, Bangalore for reliability analysis and percentage change of electric vehicles.Rs.25,22,745.60 (including 18 percent GST) for this domestic order requiring Trident Tech labs to deliver the solution within 30 days.

Further, the Company announced that its wholly-owned subsidiary, Tech labs Semiconductor Private Limited has appointed Mr. Kizhepatt Raghunathan Panicker as Strategic and Business Development Consultant. Mr. Panicker brings over three decades of experience in the semiconductor industry, with a strong background in software, system-level design, and business development. As a member of the Executive Council Committee at the Indian Semiconductor Association, he has valuable industry insight. The consulting agreement, effective January 6, 2025, is targeted at India, South Asia, Aerospace/Defense, Manufacturing, Electronics, Automotive, and Educational Sciences and Techlabs plans to leverage Mr. Panicker’s expertise to accelerate the growth of the semiconductor business in key markets including Engineering-East Asia, Europe, and Normal

   Trident Tech labs Ltd, founded in 2000, is a technology company that offers engineering solutions, including consulting and technical services, to a wide range of industries like aerospace, defence, automotive, telecommunications, semiconductor and power distribution. They also provide specific power system solutions to assist power distribution utilities in managing their infrastructure and integrating renewable energy sources.

The company has a market cap of Rs 2,622.4 crore. The shares have an ROE of 50 per cent and an ROCE of 38 per cent. The stock gave  returns of 1,000 per cent from its 52 week low (on December 29, 2023) of Rs 138 per share. Investors should keep an eye on this small-cap stock.

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