New Delhi, June 26 -- Shares of multibagger small-cap stock Standard Engineering Technology Ltd. (SETL) are likely to remain in focus on Monday, June 30, after the company announced its entry into the artificial intelligence (AI) infrastructure space through the acquisition of a controlling stake in GScale Energy Pvt. Ltd.

The company's board has approved the acquisition of up to a 51% equity stake in GScale Energy, a company specialising in data centre engineering and infrastructure solutions. Once the transaction is completed, GScale will operate as a subsidiary of SETL.

Instead of building AI data centre capabilities from scratch, SETL said the acquisition will provide immediate access to GScale's engineering expertise, relationships...