The share price of Silver Touch Technologies Limited saw a significant increase, jumping  more than 7% to reach an all-time high on the Bombay Stock Exchange (BSE). The  company’s formal selection as the Indian Navy’s Digital Transformation Partner under the IPADSV2 project, a noteworthy milestone that strengthens its standing in the defense and  government technology arena, preceded the gathering. 

Silver Touch Technologies’ shares reached a record high of ₹967.65 per share on the trading  day, up as much as 7.2%. At around 11:24 AM, the stock was trading at ₹966.95, indicating a  7.14% gain, while the larger BSE Sensex continued to be under pressure and saw a slight  0.11% decline. Investor trust in the company’s growing involvement in mission-critical  digital programs is demonstrated by the robust upward momentum. 

Silver Touch Technologies’ market capitalization now stands at around ₹1,226.19 crore  following this gain. In contrast to its 52-week low of ₹621, the stock has now hit its 52-week  high of ₹967.65. Because it greatly enhances the company’s defense IT portfolio and is  anticipated to increase multi-year revenue visibility and order book growth, market  participants see this development as a favorable long-term trigger. 

The Indian Navy’s strategic digital mission 

Silver Touch Technologies will be in charge of putting in place a thorough and complete  digital transformation platform for the Indian Navy under the IPADSV2 effort. The system is  intended to promote automation, improve operational effectiveness, and provide safe digital  governance throughout naval installations. 

Centralized personnel administration, workflow-driven leave and travel authorizations, asset  lifecycle and inventory management, real-time MIS, and dashboard reporting are just a few  of the platform’s mission-critical features. It will also provide role-based safe access controls,  document management, thorough audit trails, and smooth interface with both internal and 

external Navy systems. Governance and accountability will be further strengthened by a  logging and monitoring system that is prepared for compliance. 

It is anticipated that the solution’s cloud-native and mobile-first design would support vital  naval activities while guaranteeing long-term scalability, robustness, and efficiency. With this  partnership, Silver Touch is positioned as a crucial technological partner in the modernization  of India’s digital defense infrastructure. 

Growth prospects and management viewpoint 

Minesh V. Doshi, Executive Director of Silver Touch Technologies, commented on the  development, saying that digital capacity is now a fundamental component of operational  readiness and national security, intimately related to India’s Atmanirbhar Bharat and Digital  India visions. He emphasized the business’s track record of providing large-scale, secure  digital platforms for government and defense organizations. 

He said that the Indian Navy’s involvement is a strategic commitment to bolstering India’s  defense ecosystem with robust and future-ready digital solutions, going beyond a simple  technological deployment. Additionally, the mandate is anticipated to strengthen the  company’s long-term growth visibility in the defense IT market. 

Company overview 

Silver Touch Technologies Limited is a rapidly expanding provider of business process  services, consulting, and information technology. The organization helps customers manage  digital transformation and achieve sustainable success across industries, especially in  government and defense, by utilizing cutting-edge technologies including cognitive  computing, hyper-automation, robotics, artificial intelligence, cloud computing, and  analytics.