NETWEB TECH INDIA (NETWEB)
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Netweb Technologies Q2 profit soars 61% to ₹137 crore on AI demand
Netweb Technologies Q2 profit soars 61% to ₹137 crore as AI demand surges - Published OnOct 24, 2026 | 17:56 IST - Last Updated OnOct 24, 2026 | 17:56 IST Netweb Technologies reported a 61% sequential surge in Q2 FY27 net profit to ₹137 crore and a 62% rise in revenue to ₹1,323 crore, driven by robust demand for AI systems. The company's first-half profit surpassed its entire FY26 earnings, and its order book reached ₹2,629 crore.
Netweb Technologies shares surge 40% on QIP success
Netweb hits new high on successful QIP; stock up 40% in one month Thus far in calendar year 2026, the share price of Netweb Technologies has skyrocketed 87 per cent, as against a 8.8 per cent decline in the BSE Sensex.
Netweb Tech raises Rs 1,200 crore QIP at Rs 4,790/share
Netweb Technologies has successfully raised Rs 1,200 crore through a qualified institutional placement (QIP) at Rs 4,790 per share, with participation from Nomura and Goldman Sachs. The stock surged 4% to hit a 52-week high following the announcement, reflecting strong investor confidence in the company's growth prospects.
BofA predicts Netweb Tech surge on AI
1 Min Read Shares of Netweb Technologies India Ltd. will be in focus after BofA Securities initiated coverage on the stock. The foreign brokerage started coverage on the counter with a 'Buy' rating and a price target of ₹5,000 per share, implying a potential upside of 14% from current levels.
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