Kody Technolab soars after export order, hits upper circuit

Kody Technolab Limited, a recently listed SME company, announced on bourses on January 12 that it has won an order of Rs. 30 crore.

According to the filing by the company, the company has received the Export order worth approximately Rs 30 crores of Dasher (Serving Robot) from multiple customers and the company aims to deliver Dashers within 6 months.

Locked in the upper circuit, Kody Technolab shares are up by 5 percent. In less than 5 months, the stock price has zoomed by ~336 percent.

Kody Technolab is in the business of Custom Development, AI Consultation & Implementation, IOT Services, Robotics and IT consulting services. The company develops software for diverse industries and is a full-stack development company.

Follow our live blog for all market action

SME platforms i.e. BSE SME and NSE Emerge are gaining popularity amongst investors with higher risk appetite as these platforms offer opportunities to informed investors to invest in emerging businesses with high growth plans and innovative business models. If we consider the one-year time frame, the BSE SME IPO index is one of the top-performing indexes. BSE SME IPO index is up by ~104 per cent in the past one year and on a year-to-date basis, the index that tracks the performance of the newly listed SME shares is up by ~13 per cent.

In 2024 so far, we have seen 6 SME IPOs hit the markets already. It looks like it will be yet another busy year for the SME investors.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.