Starlineps Enterprises, a small-cap company, has seen its stock surge by 40% over the past four days, reaching ₹145.75 on the BSE on August 21. The stock had faced some profit booking after hitting a 52-week high of ₹185.80 last week but quickly bounced back. It’s now up 75% from its 52-week low of ₹83.30 in March.
What’s Driving the Stock Surge?
- Investment in AI: On August 16, Starlineps announced a strategic investment of ₹26.9 lakh in Writeplus AI, a company specializing in advanced AI technology. This move is expected to boost the company’s efficiency and customer service.
- Major New Order: On August 20, Starlineps received a significant order worth ₹37.96 crore from Saketh Impex for supplying natural diamonds by September 2025. This order alone exceeds the company’s total revenue from the last fiscal year, which was ₹30.31 crore.
These positive developments have fueled strong investor interest, leading to the sharp rise in the stock price.
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