Netweb Technologies shares surge 88% in one month, hits record high; here is why stock is surging

Shares of Netweb Technologies came under renewed buying interest on Wednesday, October 1. The stock surged as much as 13.92% in intraday deals to hit a record high of ₹4,156 on the back of heavier than usual trading volumes. Trading volume on National Stock Exchange tripled to 1.09 crore shares compared with an average trading volume of 36.43 lakh shares.

On the BSE, as many as 8.77 lakh shares changed hands compared with an average of 3.91 lakh shares traded daily in the past two weeks.

The stock has massively outperformed the benchmarks and has been on investors radar for quite some time now. In the last one month, Netweb Technologies shares have surged as much as 88%, data from stock exchanges.

In the last six months, Netweb Technologies shares have rallied a whopping 175%.

On September 19, Netweb Technologies announced that it had secured an order worth about ₹450 crore for the supply of its AI supercomputing systems, it said in a regulatory filing. The company said it has received a purchase order for its Tyrone AI GPU Accelerated Systems.

The order was awarded by "one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions," the company said, without disclosing the name of the client. The contract involves the "deployment of an AI infrastructure facility" and is scheduled to be executed by the end of financial year 2025-26.

Earlier this month, on September 3, the company informed exchanges that it secured a strategic order worth ₹1,734 crore to power India's sovereign AI infrastructure.

The firm said that the order is for national importance as it involves strengthening India’s AI compute capabilities and advancing the country’s ambitions for a Sovereign AI System under the IndiaAI Mission.

Netweb Technologies Q1 FY26 Results

IT server maker Netweb Technologies reported over a 100% jump in its profit after tax (PAT) to ₹30.5 crore for the first quarter ended June 30 (Q1 FY26), driven by a robust demand environment for artificial intelligence technologies.

The company had posted a profit after tax of ₹15.24 crore a year ago.

The operating income of Netweb also more than doubled to ₹301.21 crore from 149.3 crore logged in the June 2024 quarter. "Our operating income grew by 101.7% year-on-year (YoY) to ₹3,012.1 million, reflecting the robust demand environment and our continued focus on disciplined execution. Profit after tax increased by 100% YoY to ₹304.8 million, with a margin of 10.1%," Netweb Technologies Chairman and Managing Director Sanjay Lodha said.

As of 2:14 pm, Netweb Technologies shares traded 12.61% higher at ₹4,108, outperforming the BSE SmallCap index which was up nearly 1%.