NPST share price up 26% in a week after UPI Switch Mandate from large cooperative bank; check details

The stock rose as much as 11.17% to ₹1,148 apiece on the National Stock Exchange. At 10:50 am, it was up 8.7% to ₹1,122.40 per unit.

In the past week, the scrip has surged 26%. However, over the past month and year-to-date (YTD), it fell 7.78% and 17.85%, respectively.

The stock had hit its 52-week high of ₹2,531.75 apiece on March 24, 2025, while a year's low of ₹846.60 was recorded on March 16, 2026.

The surge in the company's stock comes days after it secured a strategic mandate from a large cooperative bank to deploy its flagship UPI Switch infrastructure.

In an exchange filing on March 16, the company said that this engagement marks its first order under its Bank-in-a-Box offering within the unified payments interface (UPI) solutions suite, delivered through a plug-and-play model that allows banks to rapidly deploy scalable, enterprise-grade payment infrastructure without big upfront investments, while empowering NPST to generate recurring multi-year SaaS-based revenue.

"Cooperative banks are a critical pillar of India’s community banking ecosystem, and their participation is essential to deepening digital payment acceptance at the grassroots level," said Deepak Chand Thakur, Co-Founder and CEO, NPST.

He said that NPST's bank-in-a-box platform gets rid of technology barriers that have historically impacted cooperative banks' participation. "By delivering enterprise-grade UPI switching infrastructure through a scalable SaaS model, we aim to support the growth ambitions of cooperative banks as they move beyond traditional banking and actively participate in the UPI ecosystem, particularly in merchant acquiring," he added.

NPST had posted a 125% increase in its consolidated profit after tax to ₹11.54 crore in the December quarter of FY26 compared to ₹5.13 crore a year back. Its revenue from operations climbed 148% year-on-year (YoY) to ₹52.62 crore.