Sri Adhikari Brothers' share price has seen a significant surge, locking in a 5% upper circuit after the company announced a Memorandum of Understanding (MoU) with the Government of Telangana. The MoU aims to establish a 50 MW AI and hyperscale green data center facility in the region, marking a significant step into the high-growth technology sector.
The project, which will cover an area of 20 acres in Fab City, Tukkuguda, is expected to require an investment of ₹4,000 crore. The objective is to create a cutting-edge infrastructure hub that can accommodate advanced AI tasks and extensive data processing requirements. This move is part of the company's effort to integrate deep-tech and AI infrastructure operations into its business model.
Sri Adhikari Brothers, which is set to be renamed Aqylon Nexus Limited, is embracing a new branding strategy focused on high-growth technology areas. A new executive management team has been appointed to oversee the rollout of data centers, enhance governance and operational practices, and expand the company's presence in technology across India and North America.
Aqylon Nexus is developing a diverse technology portfolio that includes AI platforms, GPU cloud infrastructure, computer vision systems, NLP tools, and more. These products enable the company to cater to a broad spectrum of industries, including defence, governance, industrial automation, agriculture, telecommunications, and enterprise AI.
The Sri Adhikari Brothers share price today opened at ₹1,499.80 apiece on the BSE, touching an intraday high of ₹1,569 per share and an intraday low of ₹1,456.40 apiece. Over the last week, the stock increased by 19.31%, and over the past three months, it has appreciated by 52.76%, though it decreased by 28.19% over the last year.
Note: The views and recommendations are those of individual analysts and experts, and investors are advised to check with certified experts before making any investment decision.
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