Synopsis: E2E Networks (NSE: E2E) shares hit the 20% upper circuit at ₹3,068.20 on February 18, 2026. The “Zero-Minute” fact is that NVIDIA announced a landmark collaboration with E2E to build India’s first Blackwell GPU clusters on the TIR platform. Despite a Q3 PAT loss due to high depreciation, a 68% revenue surge and sovereign AI infrastructure demand have triggered a massive multibagger breakout.
On Wednesday, February 18, 2026, E2E Networks Limited witnessed an explosive session on the NSE, with its stock price locked at the 20% upper circuit limit of ₹3,068.20. The rally was ignited by a global announcement from NVIDIA during the AI Impact Summit in New Delhi, confirming E2E as a key “Next-Generation Cloud Provider” for India. The stock opened at ₹2,560 and surged vertically, adding over ₹500 per share as trading volumes spiked to 21.7 Lakh shares.
The “NVIDIA Boost” has transformed the small-cap cloud player into a central figure for India’s Sovereign AI mission. By securing access to the world’s most advanced AI accelerators, E2E is now positioned to provide localized, low-latency infrastructure that competes directly with global hyperscalers for domestic AI workloads.
Why did E2E Networks stock hit the upper circuit today?
The primary driver is the NVIDIA Strategic Collaboration. NVIDIA managing director Vishal Dhupar confirmed that E2E Networks is building a high-scale Blackwell GPU cluster on its TIR platform, hosted at the L&T Vyoma Data Center in Chennai. This infrastructure will feature NVIDIA HGX B200 systems and Nemotron open models, specifically designed to supercharge sovereign development across healthcare, finance, and agriculture.
Furthermore, the “1-2-1” rule of today’s rally was evident: one dominant tech partner (NVIDIA), two major infrastructure milestones (Blackwell B200 deployment and L&T partnership), and one massive revenue floor. While the company reported a PAT loss of ₹5.7 crore for Q3 FY26, the market focused on its 68% YoY Revenue Growth (reaching ₹700 crore) and the ₹265 crore IndiaAI Mission contracts currently under deployment.
E2E Networks: Financial & Operational Snapshot (Feb 2026)
| Metric | Details (Feb 18, 2026) | Trend / Change |
| Share Price (LTP) | ₹3,068.20 | 20% Upper Circuit ↑ |
| Q3 FY26 Revenue | ₹70.02 Crore | 68.3% YoY ↑ |
| GPU Capacity Target | 5,000+ Units | By March 2026 |
| EBITDA Margin | 56.6% | Strong Operating Leverage |
The “Sovereign AI” Moat and Investor Outlook
E2E’s competitive edge lies in its “Sovereign-by-Design” architecture, which keeps Indian data on Indian soil.
- Blackwell Edge: By being among the first to deploy NVIDIA B200 GPUs, E2E offers 184TB of GPU RAM capacity, making it the go-to platform for startups like Sarvam and BharatGen to build foundation models.
- Profitability Pivot: Management clarified during the Q3 earnings call that the current net loss is “accounting-led” due to ₹47.6 crore in depreciation from heavy Capex. EBITDA remains robust at ₹39.6 crore, reflecting strong underlying cash flows.
- Technical Outlook: Today’s move has pushed the stock 43% higher in February alone. Analysts identify immediate support at ₹2,560, with the stock now trading well above its 200-DMA of ₹2,575.
Also Read: GE Power India Share Price Hits 20% Upper Circuit: Why Q3 Profits Surged 123%
The Bottom Line
The 20% upper circuit in E2E Networks marks the beginning of the “AI Factory” era in India. For the Aam Aadmi investor, the focus remains on the March 2026 target of 5,000 GPUs and the company’s ability to maintain its 56% EBITDA margins as it scales. While execution risk remains due to high Capex, the NVIDIA partnership provides a multi-year growth moat that is hard to replicate.
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