Small-cap stock hits 20% upper circuit as arm bags order from US govt entity; check details

The stock hit its upper limit at ₹33.63 per equity share on Thursday.

The scrip has gained more than 16% in the past week and 25% over the past month. On a year-to-date basis, it has risen 0.18%.

While the share touched a year’s low at ₹25.20 per unit on January 27, 2026, it reached a 52-week high of ₹46.25 on September 17, 2025.

Order win

In a regulatory filing, the business process outsourcing company stated that the maximum amount payable under the international work order stood at $796,900 (or ₹7.2 crore), payable against defined milestone-based deliverables.

The order from the US government entity is for a six-month program increment commencing March 16 and concluding on September 30, 2026, XTglobal Infotech added.

The scope of the project includes the development and implementation of AI-enabled engineering services through milestone-based deliverables, the company noted.

The initial engagement will include AI-driven content generation and document assembly, agentic AI workflows with human-in-the-loop governance, intelligent document processing and compliance automation.

It also comprises cloud-native CI/CD enablement and containerised deployment, digital signature, and Model-as-a-Legal-Document (MALD) enablement. Furthermore, the scope also encompasses AI-powered engineering productivity enhancements.

The work order provides potential renewal up to an additional six months, subject to separate approval, it stated.

Commenting on the development, Ramarao Atchuta Mullapudi, Managing Director of XTGlobal, said: “This award reflects the continued trust placed in XTGlobal’s engineering and AI capabilities.”

Expanding the company’s transportation vertical and strengthening its public sector portfolio in the United States remain key strategic priorities, Mullapudi stated, adding that “this engagement aligns directly with our long-term growth objectives.”

XTGlobal noted that the engagement was secured through a competitive multi-vendor request for proposal (RFP) process under the agency’s Software Development Services framework.

Alma John, Executive VP of XTGlobal, commented: “This win reinforces our vertical specialisation strategy in Transportation and Toll and positions XTGlobal for continued expansion in AI-led modernisation initiatives.”

XTGlobal Infotech has a total market capitalisation of ₹451.06 crore, as of February 26, 2026, according to data on the NSE.