Netweb shares jump over 4% after tech firm launches ‘Velox’ system to solve AI data bottleneck issues

Netweb Technologies India shares jumped over 4% to its intraday high of ₹4,174.80 in the early trade on Wednesday, April 29, after the tech firm launched a new system named ‘Tyrone ParallelStor Velox’ to solve critical challenges and data bottlenecks in artificial intelligence (AI) infrastructure, according to an exchange filing.

As of 9:46 am, Netweb shares were trading 3.6% higher at ₹4,150 on Wednesday, compared to ₹4,002.20 after Tuesday’s market close, NSE data showed.

“Netweb Technologies today announced Tyrone ParallelStor Velox, a Unified Data Platform with parallel file system capabilities, designed to address one of the most critical challenges in modern computing: the data bottleneck in AI infrastructure,” according to the official release.

The company’s business is to provide clients with high-end computing solutions (HCS) equipped with fully integrated design and manufacturing capabilities. With over 18 offices across India and more than 450 employees, Netweb caters to a wide range of IT services clients using AI tech.

What does Velox do?

Velox is a high-performance data backbone for AI, HPC, and enterprise workloads, which also ensures that clients can access, move and process data at the speed of modern computing demands.

This system unifies data across flash, disk, tape, and cloud into a single global namespace, eliminating the silos to provide seamless, high-speed access across environments, according to the official release.

For clients, this system will allow AI pipelines, analytics frameworks, and enterprise applications to operate on a single, consistent data layer without duplication or delays.

High-throughput, low-latency access, single global namespace across storage tiers, high IOPS and throughput with scalability, and multi-protocol access are among the many features this new system provides to solve AI data bottleneck issues.

Netweb share price

Netweb shares closed 2.1% higher at ₹4,002.20 after Tuesday’s trading session, compared to ₹3,919.70 at the previous market close, according to NSE data. The company released its new system launch update before the opening bell on Wednesday, April 29.

Netweb Technologies shares have delivered more than 175% returns on their investment in the past one year, and more than 30% returns so far in 2026, on a year-to-date basis. Although the company’s stock has risen 26.13% in the past month, Netweb shares were down 0.21% over the last five trading sessions on NSE.

Shares of Netweb hit their 52-week high of ₹4,479 on October 8, 2025, while the 52-week low was at ₹1,397.10 on May 2, 2025, according to the exchange data. The company’s market capitalisation (M-Cap) was at ₹22.838.91 crore as of Tuesday’s market close.

Netweb is one of the biggest movers on the benchmark Nifty Smallcap 100 index, with an index weightage of around 1.12% among 100 other stocks.