05 Apr 2025

Colab Platforms Hits Upper Circuit at RS. 102.67; Enters RS. 50,000 Crore Predictive Gaming Market

Colab Platforms is locked in its upper circuit at RS. 102.67, rising by 2.01 points or 2.00% from its previous close of RS. 100.66 on the BSE.

The stock opened at RS. 102.67 and remained steady, recording both its high and low at the same rate. A total of 2,71,499 shares have been traded so far.

Classified under the BSE group 'XT', this stock with a face value of RS. 2 has touched a 52-week high of RS. 102.67 on April 4, 2025, and a 52-week low of RS. 10.83 on October 7, 2024. In the last week, it has moved between RS. 96.76 and RS. 102.67. The current market capitalization stands at RS. 1047.23 crore.

Promoters hold a 33.88% stake in the company, while non-institutional investors account for 66.12%.

In a major strategic move, Colab Platforms has entered the booming RS. 50,000 crore Predictive Gaming Market. This expansion aligns with the company’s vision to innovate and diversify its digital offerings, leveraging its sports tech expertise to carve out a strong presence in this rapidly growing sector.

The platform will incorporate advanced analytics and interactive user interfaces to enhance engagement. Strict regulatory compliance will be ensured to maintain transparency and build user trust. The Predictive Gaming segment, which operates on a transaction-fee revenue model, offers high scalability and profitability.

With the Indian Predictive Gaming ecosystem still maturing, Colab aims to leverage its early entry to compete with established names like Real 11, Probo, Sports Baazi, and MPL Opinio, positioning itself as a significant player in the market.

Formerly known as Colab Cloud Platforms, the company is primarily engaged in trading of shares and securities, along with jobwork in computer hardware and software processing.