Ashish Kacholia buys 1,77,043 shares worth Rs 29,99,99,363.50 and promoters bought 63,112 shares of this multibagger AI-stock; Scrip hit upper circuit & 52-week high
The stock gave multibagger returns of 256 per cent in just 6 months, 844 per cent in 1 year and a whopping 11,291 per cent in 5 years.
On Tuesday, shares of multibagger AI company jumped 5 per cent upper circuit and made an all-time high of Rs 3,189.60 per share from its previous closing of Rs 3,037.35. The company has a market cap of Rs 4,621.83 crore with an ROE of 37 per cent and an ROCE of 25 per cent. The stock gave multibagger returns of 256 per cent in just 6 months, 844 per cent in 1 year and a whopping 11,291 per cent in 5 years.
Stock Name is E2E Networks Ltd.
E2E Cloud is an NSE-listed, MeitY-empanelled AI-focused cloud provider. The company offers advanced cloud GPUs such as HGX H100, A100, and L4OS, along with high-end InfiniBand-powered configurations like 64xH100 and 256xH100. E2E Cloud also features an advanced AI development platform, TIR, enabling developers to train and deploy foundational AI models. Serving nearly 3000 customers, E2E Cloud is recognized as one of the most highly rated cloud providers in India.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
E2E Networks Ltd, a leading AI-First and MeitY-empanelled Cloud Platform in India, successfully secured Rs 420.51 crore through a preferential issue of equity shares. This strategic investment underscores E2E Networks' commitment to advancing India’s AI/ML Cloud Platform and empowering enterprises, startups, and institutions. The funds will be used to accelerate the growth of E2E Networks’ AI-First Cloud Platform, enhancing its capability to support advanced machine learning and AI-driven applications. With this capital infusion, E2E Networks is poised to further solidify its position as the cloud platform of choice for India’s burgeoning tech ecosystem.
In the allotment, Promoters bought 63,112 shares and an ace investor, Ashish Kacholia bought 1,77,043.00 shares worth Rs 29,99,99,363.50. Investors should keep this AI-stock under their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.