Silver Touch Technologies share price jumped over 4% in early trade on Wednesday after the company announced receipt of an order from the state-run railway company RITES. The small-cap stock rallied as much as 4.88% to ₹189.90 apiece on the BSE.
Digital transformation and IT services company Silver Touch Technologies said it has been awarded a significant order by RITES Ltd for the design, development, and implementation of PARAKH — an AI-based Detailed Project Report (DPR) Appraisal & Intelligence Platform.
“Silver Touch became one of the first Indian IT companies to deploy a fully self-hosted, multi-model AI platform for a Government of India Navratna enterprise — marking its transition from an IT services company to an AI-native platform company,” Silver Touch Technologies said in a regulatory filing on July 7.
Under this engagement, Silver Touch will architect and deploy a purpose-built AI platform for RITES for appraising India’s largest infrastructure projects — railways, highways, bridges, ports, airports, metro, and tunnels.
“The platform deploys self-hosted Large Language Models, a 500-rule engineering validation engine, and a four-layer hallucination prevention system — all within RITES’ secure infrastructure with zero external data dependency,” said Minesh V Doshi, Executive Director of Silver Touch Technologies.
Silver Touch Technologies Share Price Performance
Silver Touch Technologies share price has rallied 46% in one month, and has gained 16% in six months. The smallcap stock has delivered multibagger returns of 160% in one year, and a staggering 407% over the past three years.
At 10:05 AM, Silver Touch Technologies share price was trading 3.87% higher at ₹188.05 apiece on the BSE.
