Shares of E2E Networks staged a sharp turnaround on Monday, surging from the 5 percent lower circuit to the 5 percent upper circuit after the company announced plans to expand its artificial intelligence (AI) infrastructure capacity. The stock had remained under selling pressure earlier in the session, extending its losing streak to seven consecutive trading days.
E2E Networks stock climbed 5 percent to Rs 594.35 in afternoon trade, hitting the upper circuit after touching the lower circuit at Rs 537.75 earlier in the day. The reversal represented a nearly 10.5 percent recovery from the day's low.
The sharp turnaround followed the company's disclosure to stock exchanges that it plans to add approximately 5.4 megawatts (MW) of capacity to support NVIDIA HGX B300 systems and other Blackwell GPUs.
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In its regulatory filing, E2E Networks said its existing infrastructure capacity stands at approximately 9.2 MW, which is being utilised to provide GPU cloud infrastructure and other AI-related services. The proposed addition of 5.4 MW represents an expansion of nearly 59 percent over its existing capacity, potentially taking the company's total infrastructure capacity to approximately 14.6 MW. The company said the expansion would help it meet fast-growing demand for GPUs and related services.