Kody Technolab secures Rs. 30 Crore export order for dasher robots; share price surge 5%

Recently listed on SME platforms, Kody Technolab Limited revealed a significant milestone on January 12 by winning an export order worth Rs. 30 crore. The company disclosed that the order, consisting of Dasher (Serving Robot), is valued at approximately Rs. 30 crores and is set to be delivered to multiple customers within the next 6 months.

Locked in the upper circuit, Kody Technolab shares experienced a 5% surge, marking a remarkable ~336% increase in the stock price in less than 5 months.

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Engaged in Custom Development, AI Consultation & Implementation, IOT Services, Robotics, and IT consulting services, Kody Technolab operates as a full-stack development company. The SME platforms, namely BSE SME and NSE Emerge, are gaining popularity among investors with a higher risk appetite. These platforms provide opportunities for informed investors to invest in emerging businesses with high growth plans and innovative business models.

Considering the one-year time frame, the BSE SME IPO index emerges as one of the top-performing indexes, reflecting a ~104% increase. On a year-to-date basis, the index tracking the performance of newly listed SME shares has surged by ~13%, emphasizing the growing appeal of SME platforms to investors.

As of 11:12 am the shares were trading at 5% (Rs 789)