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Netweb Share Price Hit Lower Circuit of 10% on Jan 28: Drop of ~50% in 8 Trading Sessions

Written by: Sachin GuptaUpdated on: Jan 28, 2025, 3:43 PM IST
Following a widespread global selloff in artificial intelligence-related tech stocks, Netweb's share price witnessed a sharp drop.
Netweb Share Price Hit Lower Circuit of 10% on Jan 28: Drop of ~50% in 8 Trading Sessions
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On January 28, 2025, Netweb Technologies shares hit a lower circuit of 10% at ₹1,460.35, after opening at ₹1,550.00. This market the continued 8th consecutive falling trading session for Netweb share price. The fall in Netweb share price reached ~50% in these 8 trading days. The shares of Netweb Technologies are trading below their 52-week low-high average, where a 52-week low stands at ₹1,294.35 and a 52-week high at ₹3,060.00 on BSE.

On Monday, January 27, 2025, Netweb’s share price dropped by around 13% following a widespread global selloff in artificial intelligence-related tech stocks. The decline was sparked by the rising popularity of DeepSeek, a Chinese startup offering low-cost AI solutions that have disrupted market expectations about the sector’s profitability and the demand for advanced chips.

Netweb Technologies Q3FY25 Results

Netweb reported strong results for Q3 FY25, with total income reaching ₹3,355 million, reflecting a 30.1% year-on-year growth compared to Q3 FY24. EBITDA stood at ₹455 million, marking a 17.4% increase, with an EBITDA margin of 13.6%. Profit after tax (PAT) grew by 16.6% to ₹303 million, resulting in a PAT margin of 9.0%.

As of December 2024, Netweb’s net debt was ₹737.2 million. The company’s order book was ₹3,603 million, and a key highlight was the significant 136.3% YoY growth in income from AI Systems during the first nine months of FY25, with its contribution to operating revenue increasing to 14.7%.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 28, 2025, 10:39 AM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

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