E2E Networks surges on entering binding term sheet with Sovereign AI Company
E2E Networks is currently trading at Rs. 635.00, up by 16.25 points or 2.63% from its previous closing of Rs. 618.75 on the BSE.
The scrip opened at Rs. 649.65 and has touched a high and low of Rs. 649.65 and Rs. 625.00 respectively. So far 159014 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 697.00 on 17-Aug-2026 and a 52 week low of Rs. 361.70 on 12-Jun-2026.
Last one week high and low of the scrip stood at Rs. 649.65 and Rs. 592.50 respectively. The current market cap of the company is Rs. 13159.24 crore.
The promoters holding in the company stood at 39.45%, while Institutions and Non-Institutions held 7.35% and 53.20% respectively.
E2E Networks has entered a binding term sheet with a Sovereign AI company based in India for the NVIDIA Blackwell cloud GPUs and allied services. The arrangement carries an aggregate contract value of around Rs 1,000 crore (exclusive of taxes) and continues through June 2029. This engagement provides greater revenue visibility over a multi-year horizon and reinforces the company's strategy of building a high-quality, long-term customer base.
