HighPositive
Announced Thu, 25 Jun · 21:50 IST

Up over 100% since March! Multibagger small-cap stock to be in focus on Monday; here’s why

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Standard Engineering Technology (SETL) approved acquiring up to 51% equity stake in AI data-centre engineering firm GScale Energy, marking its entry into the AI infrastructure space. Phase I investment is around ₹190 crore, with total phased commitment of around ₹500 crore, entirely self-funded through internal cash flows. The company also targets 40-50% revenue growth in existing operations in FY27, while its shares have surged about 104% from their March low of ₹104.56 to around ₹214.