A technology share has been showing a great rise for the last two days amidst the fluctuations in the stock market. Upper circuit appeared in its shares on Thursday. Netweb Technologies Share has now reached Rs 1610. During the last one month, it has seen a decline of 27 percent. At the same time, in six months, this stock has broken around 37 percent.
Netwab Technologies India shares rose 10 percent to Rs 1,622 on Thursday, after which it closed at Rs 1,610. The total market captivity of the Natwab Company reached close to Rs 9,150 crore. On Wednesday, the stock rose 10 percent to close at Rs 1,474.55.
This stock has broken 57 percent
In December 2024, Netwab shares was at Rs 3,060, a high of 52 weeks. At the same time, it came to Rs 1,304.25 on Tuesday. In such a situation, this stock was lost 57 percent from its high and now in two days, it has climbed about 24 percent. This company was listed in July 2023. The stock is still above its IPO price from Rs 500 to 225 percent.
Why suddenly the sharp sharing gained?
Actually, the company’s shares have increased when the company has launched a new product called ‘Skylas (DOT) AI’. Skyles makes multi-vender management easier. Ever since the company launched this new product, its shares have seen a great rise.
How are the company’s quarterly results?
Natweb Technologies have recorded a profit growth of 16.56 percent in the third quarter ended December 31, 2024, which increased to Rs 30.32 crore due to demand for AI -related projects. During the quarter, the revenue of the domestic IT server manufacturer increased by 32 percent to Rs 334 crore. By December 2024 its order book was Rs 360 crore.
How far can this share go?
Ecuerus Securities said that Netweb has recorded good growth in sales in 3QFY25, but has declined in operating margin, but has expansion plans for exports. It also has a strong order book, which can increase the growth of the company. Brokerage estimates that this stock can soon cross the level of Rs 2100 per share.
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