Tech Stock Surges 150% Year-to-Date After AI Monetization Move

Silverline Technologies Share Price Surges 5% Amid AI Platform Upgrade

February 24, 2024

Silverline Technologies' share price reached a new high on Tuesday, increasing by 5% to hit the upper circuit in the Indian stock market. Despite the market downturn on the same day, the company's stock rallied, opening at ₹21.60 in the early morning session, up from the previous close of ₹20.58 on Monday.

Silver AI Platform Upgrade

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The company has introduced an additional feature, AI Studio, on its Silver AI platform, enabling users to generate professional-grade images based on user prompts. AI Studio is designed to operate efficiently on low-end GPU environments, including local deployment scenarios, making it more accessible to users and businesses seeking cost-efficient AI-driven creative capabilities. The company plans to offer AI Studio free of charge for an introductory period of three months, followed by a proposed price of ₹249 per month as an optional paid add-on for users of the paid Silver AI chatbot version.

Share Price Trend

The company's share price has delivered strong returns for long-term investors, with a 176% gain in a month and 149.71% on a year-to-date (YTD) basis. The stock has remained in the green despite weak market sentiments, gaining 86.53% in six months and 77% in a year. Since its listing in August 2024, the tech stock has multiplied investors' money by delivering a 500% gain.

Key Figures

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• ₹21.60: Opening share price on Tuesday
• ₹20.58: Previous close on Monday
• ₹249: Proposed monthly price for AI Studio add-on
• 176%: Gain in a month
• 149.71%: Gain on a year-to-date (YTD) basis
• 500%: Gain since listing in August 2024