Larsen & Toubro Backed Multibagger AI Stock Locked in 5 per cent Upper Circuit today; Larsen & Toubro to Complete 21 per cent Stake by 30th May - Details Inside!

The stock price has given multibagger returns of 153 per cent in last one year. 

On Wednesday, shares of E2E Networks Ltd hit a 5 per cent upper circuit to Rs 2,019 per share from its previous closing of Rs 1,922.60 per share. The stock’s 52-week high is Rs 5,488.per share and its 52-week low of Rs 780 per share. From Rs 780 (52-week low) to Rs 2,019 per share, the stock is up by 158.69 per cent multibagger returns. 

In December 2024, Larsen & Toubro Ltd completed the acquisition of a 15 per cent stake in E2E Networks Limited via preferential allotment. The secondary acquisition of 6 per cent from the promoter of E2E Networks Limited is expected to be completed on or before May 30, 2025. The purpose of the strategic partnership was a step towards the adoption of GenAI solutions in India to foster a fundamental shift in the way Indian organisations use Accelerated Computing on Cloud. The transformative journey for organisations in AI adoption is a fundamentally different approach to implementing GenAI software solutions using Cloud GPUs to utilise an organisation’s deep learnings to deploy and evolve production-grade self-adapting AI Software.

E2E Networks 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.

In the Quarterly Results of Dec-24, the revenue stood at Rs 41.60 crore, reflecting a YoY growth of 73.70 per cent and a QoQ decline of 12.51 per cent from Rs 47.55 crore in Sep-24. The net profit for Dec-24 was Rs 11.59 crore, showing a YoY increase of 107.71 per cent and a QoQ decline of 4.61 per cent from Rs 12.15 crore in Sep-24. The net profit margin for Dec-24 stood at 27.86 per cent, compared to 25.55 per cent in Sep-24 and 23.30 per cent in Dec-23.

For the full-year FY24 results, the revenue stood at Rs 94.46 crore, reflecting a growth of 42.69 per cent from Rs 66.20 crore in FY23. The net profit for FY24 was Rs 37.41 crore, registering a growth of 120.85 per cent from Rs 20.23 crore in FY23. The net profit margin for FY24 stood at 21.42 per cent compared to 13.84 per cent in FY23.

The stock price has given multibagger returns of 153 per cent in last one year. 

Investors must keep this Small-Cap stock on their radar.

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