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Netweb Technologies Shares Extended Gains for 2nd Day: Rose~17% in Two Sessions

Written by: Sachin GuptaUpdated on: Feb 20, 2025, 12:56 PM IST
After dropping ~25% in eight sessions, Netweb Technologies shares bounced back and rose 17% in two sessions.
Netweb Technologies Shares Extended Gains for 2nd Day: Rose~17% in Two Sessions
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On February 20, 2025, Netweb Technologies share price moved over 7% continuing its 10% rally from Wednesday’s session. Netweb Technologies shares have gained 17% over the last two days, recovering nearly half of the losses it experienced during the eight consecutive sessions leading up to Wednesday.

Prior to Wednesday’s 10% upper circuit, Netweb Technologies had faced an 8-day losing streak, during which it dropped by 25%.

The sharp sell-off in Netweb Technologies shares was triggered by the rise of the Chinese AI platform DeepSeek. However, the companies have since experienced a recovery, with management viewing the situation as an “opportunity” rather than a threat.

Launch of Skylus.ai

On February 19, 2025, the company announced the launch of Skylus.ai, a solution designed for optimized Graphic Processing Unit (GPU) resource management across multi-vendor environments. Skylus.ai is intended to serve industries such as pharmaceuticals, finance, education, automotive design, and any organization looking to leverage AI.

Netweb Technologies Financial Highlights

For the first nine months of the 2025 financial year, Netweb Technologies reported a 60% increase in revenue. As of the end of December, the company’s order book stood at ₹360.3 crore. It is also the lowest bidder (L1) for projects valued at ₹348 crore and has a product pipeline exceeding ₹3,800 crore.

 

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: Feb 20, 2025, 11:43 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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