Dark Horse Stock of the Day: This AI-Focused Tech Stock Hits Back-to-Back Upper Circuit for the Last 6 Days; Gains Over 750 per cent in Just 1 Year!

The shares of the company have delivered a return of over 760 per cent to its shareholders over the past one year.

This Small-Cap is an NSE-listed AI-focused hyperscale cloud platform, offering advanced cloud GPUs and a comprehensive ecosystem of cloud technologies designed for the development and deployment of AI/ML applications. Today the company experienced a significant surge in its share price. 

At the start of the day's trading session, the stock opened at Rs 1425 per share, compared to the previous day's closing figure of Rs 1370.10 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 1438.60 per share on the NSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The company's current market of E2E Networks capitalisation stands at Rs 2082 crore, and the stock has generated an impressive return of around 766 per cent in the past year.

 Stock Price Chart (Weekly)

Financial Performance

In the fourth quarter of FY24, the company recorded a revenue of Rs 29.41 crore, marking a 67 per cent year-on-year growth from Rs 17.59 crore in Q4 FY23. The operating profit for Q4 FY24 stood at Rs 15.25 crore, compared to Rs 9.02 crore in the same quarter of the previous fiscal year, resulting in an operating margin of 51.85 per cent. The net profit for Q4 FY24 was Rs 3.53 crore, up from Rs 2.53 crore. Looking at the annual performance, the company generated a revenue of Rs 94 crore in FY24, compared to Rs 66 crore in FY23. The operating profit for FY24 was Rs 48 crore, with a net profit of Rs 22 crore.

Regarding the shareholding pattern, the promoters own 59.71 per cent of the company, while FIIs and DIIs hold 1.67 per cent and 5.75 per cent, respectively. The remaining 32.65 per cent is held by public or retail investors.

Investors must keep this small-cap multibagger stock on their radar.

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