Shares of Xtglobal Infotech Ltd hit 20% upper circuit on 26 February after the company announced securing an artificial intelligence-enabled project from a US state transportation agency. 

Xtglobal Infotech Inc’s US subsidiary received a $796,900 (Rs 7.2 crore) order from the Texas Department of Transportation, sparking buying activity in the company’s shares. The order aims to enable artificial intelligence (AI) for engineering services.
 
The order covers the development and execution of AI-enabled engineering services through milestone-based deliverables during a six-month program increment, according to Xtglobal Infotech in an exchange filing.

“This development strengthens the company’s transportation vertical and further enhances its public sector portfolio in the US,” the company said. 

Xtglobal Infotech reported a 7.5% increase in consolidated profit after tax (PAT) to Rs 3.7 crore in the third quarter (Q3FY26) from Rs 3.4 crore in the previous quarter. 
 
The company’s revenue decreased by 2% to Rs 92.5 crore from Rs 94 crore in the previous quarter. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) climbed by 36.3% Q-o-Q to Rs 9.2 crore from Rs 6.8 crore.

At 1:41 pm, the shares of Xtglobal Infotech were locked 20% higher at Rs 33.63 on NSE.

Tired of guessing stocks to trade in daily?
Tradz by EquityPandit empowers you with powerful tools like daily stock scans for Intraday, Swing & Investing, Market Predictions and much more. Download the Tradz by EquityPandit app today and take control of your investments!