Netweb Technologies shares surge over 20% in three sessions, here is why

Shares of Netweb Technologies climbed for a third straight session on Thursday, February 19. In the last three trading sessions Netweb Technologies shares have jumped as much as 21%, data from the National Stock Exchange (NSE) showed. In intraday deals, Netweb Technologies surged as much as 9.65% to hit a high of ₹3,700 amid spike in trading activity.

Netweb Technologies shares came under buying interest after the company on Wednesday informed exchanges that it has launched a ‘Make in India’ AI supercomputing systems powered by NVIDIA.

In its press release, Netweb said the company has "powered a new era of computing in India by introducing one of the world’s most powerful AI infrastructure solutions – a ‘Make in India’ AI supercomputer, the Tyrone Camarero GB200 system – and the petascale personal compute system, the Tyrone Camarero Spark."

"Netweb today announces a new class of AI computing for India with the launch of Tyrone Camarero Spark, which is one of the world’s smallest AI supercomputers, delivering NVIDIA’s AI stack in a compact desktop form factor," the press release added.

It combines NVIDIA Blackwell GPUs, NVIDIA Grace CPUs, NVIDIA Networking, NVIDIA CUDA-X libraries, and NVIDIA AI software stack, accelerating agentic and physical AI development to address the requirements of millions of AI developers in India.

The system, Netweb said, packs a petaflop of AI performance and 128GB of unified memory into a compact desktop form factor-based system, helping a huge customer base of AI developers in India to run inference on AI models with up to 200 billion parameters and locally fine-tune models of up to 70 billion parameters.

Netweb Technologies Q3 earnings

Netweb Technologies last month reported a net profit of ₹79 crore in the third quarter of current financial year, marking a surge of 2.43 times or 143% from ₹30 crore in the same period last year.

The company's revenue in December quarter jumped 141% to ₹805 crore compared with ₹334 crore in the year-ago period.

Meanwhile, Netweb Technologies shares were witnessing higher than usual trading activity. On the BSE, as many as 3.45 lakh shares changed hands compared with an average of 1.64 lakh shares traded daily in the past two weeks.

On the NSE, a total of 45.65 lakh shares changed hands.

As of 10:46 am, Netweb Technologies shares traded 6.3% higher at ₹3,589, outperforming the NIFTY 500 index which was down 0.35%.