Global Markets
Home›Global Markets›Trade & Tariffs›GACM Technologies hits 52-week high after 16 straight…
GACM Technologies hits 52-week high after 16 straight upper circuits
The stock has also jumped about 110% in a month, while the company says it will execute a ₹250 million AI insurance technology mandate over 18 to 24 months.
Shares of GACM Technologies Ltd surged to about ₹1.03 from ₹0.49 over the past month, after the stock hit its upper circuit for 16 consecutive sessions, according to LiveMint Markets. The move comes as India’s major benchmarks remained under pressure, with the Nifty 50 up 0.75% over the month, the BSE Sensex up 0.65%, and the Bank Nifty up 1.10%.
LiveMint Markets also linked the rally to the stock’s low price, noting it has traded under 10 rupees and has delivered roughly a 110% return over one month. The outlet said FPIs are among the main holders, with a latest shareholding pattern dated August 17, 2026 showing FPIs at 31.22%.
According to the company disclosure highlighted by LiveMint Markets, GACM Technologies on August 27, 2026 executed a Memorandum of Understanding with Winfluential Private Limited to act as a technology development partner for an AI-Powered Integrated Insurance Technology Super Platform. The estimated consideration for the mandate is ₹250 million, plus applicable GST and statutory taxes, with execution expected over 18 to 24 months, and the company described it as one of its largest technology-development engagements to date.
Latest closeSensex 77,472.94 ▼0.2%