Multibagger stocks: The shares of Trident Teklabs listed in the market about 14 months ago have raised money on IPO investors. Not only the company’s shares but also business has increased rapidly and its profit was almost double in FY 2024. Talking about shares, in 14 months, IPO investors are 3279 percent profitable, that is, an investor of one lakh rupees has currently become more than Rs 33 lakh. Today its shares have closed at Rs 1,182.95 with a decline of 2.52 per cent on NSE SME.
Multibagger Stocks: Investors’ capital increased by rocket speed
The shares of Trident Techlabs were issued to IPO investors at ₹ 35 in December 2023 and on 29 November 2023, it was listed at ₹ 98.15 i.e. 180% premium on NSE SME and it was closed at ₹ 103.05 at the end of the day. . Thus, on the very first day, it increased the capital of IPO investors by almost three times. After this, the shares and rapidly climbed up. Last year, on 16 February 2024, it was one year low at ₹ 175.20. It rose 853.20 per cent in 11 months from this lower level to a record high of ₹ 1,670.00 on 9 January 2025, ie the money of IPO investors increased by about 4671 per cent i.e. 47 times in 13 months. Although the shares have stopped here and currently it is 29 per cent downside from this high, but IPO investors are still about 3280 per cent profit.
About Trident Techlabs
Now the question arises that what does the company whose shares are constantly making a blast. The company provides technology -related services to Aerospace, Defense, Automotive, Telecom, Medical, Semiconductor and Power Distribution Industries. Its business is spread over two areas- engineering solutions and power system solutions. Now talking about the financial health of the company, in FY 2024, its net profit was almost doubled on an annual basis to ₹ 4.67 crore to ₹ 9.37 crore. During this period, the company’s total income rose by about 7 percent to ₹ 73 crore.
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