Netweb Technologies slid 38% below its record peak amid global sector weakness and trailing price-to-earnings multiples trading between 58 and 70 times. Despite this market turbulence, the company reported September quarter net profit surging to ₹136.7 crore on the back of massive demand for AI infrastructure. BofA Securities subsequently initiated coverage with a Buy rating, citing long-term growth underpinned by a massive ₹2,629 crore order pipeline.
Key points
BofA Securities established a Buy rating with a ₹5,000 price target based on India's risi…: BofA Securities established a Buy rating with a ₹5,000 price target based on India's rising AI infrastructure needs.
The company's 15-year partnership with NVIDIA provides critical competitive advantages in…: The company's 15-year partnership with NVIDIA provides critical competitive advantages in the supercomputing and AI server segment.
Brokerage projections anticipate Netweb will deliver a compound annual revenue growth rat…: Brokerage projections anticipate Netweb will deliver a compound annual revenue growth rate of 40% from FY26 through FY29.
Sources checked by our analysis pipeline: 1
Netweb Technologies share price: Netweb Technologies shares extended their losing streak on Friday, November 6, falling more than 7% and marking their seventh consecutive session of losses. The stock has shed over 15% during this period, as selling pressure in artificial intelligence (AI) and technology stocks globally, concerns over expensive valuations and a slight moderation in profit margins weighed on investor sentiment.
Netweb Technologies fell as much as 7.6% to an intraday low of ₹3,717 per share. The AI stock is now around 38% below its 52-week high of ₹5,810, touched in August 2026. Its 52-week low stands at ₹2,942.45, recorded in December last year.
The recent correction comes on the back of its weak performance across multiple timeframes. Netweb Technologies shares have declined 10% in one week, 21% in one month, 22% in three months and 14% in six months. However, the stock has gained 13% over the past year.
One of the key factors weighing on Netweb Technologies is the global sell-off in artificial intelligence and technology stocks. The company is seen as a domestic infrastructure play on…
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