Netweb Technologies share price up almost 45% in past 6 months - What's boosting the stock? Triggers explained
Netweb Technologies shares opened at ₹5,165 on the NSE on Tursday against its previous close of ₹5,110 and jumped as much as 4.7% to an intraday high of ₹5,349.50. At this price, the stock has surged almost 45% over the last six months.
Netweb Technologies share price has been on a roll of late. The IT stock jumped nearly 5% in morning deals on the NSE on Thursday, 3 September, looking set to snap its three-day losing streak. Netweb Technologies shares opened at ₹ 5,165 on the NSE against its previous close of ₹ 5,110 and jumped as much as 4.7% to an intraday high of ₹ 5,349.50. At this price, the stock has surged almost 45% over the last six months.
On a monthly scale, Netweb Tech shares are up nearly 3% so far in September after a 15% surge in August. Investors are buying the stock after the company's annual report for FY26 underscored its strong financial performance.
As per the exchange filing, Netweb said its revenue from operations for FY26 surged 90% year-on-year (YoY) to ₹ 2,183.56 crore, out of which revenue from the AI systems segment stood at ₹ 947.8 crore.
Among its customers, the government's share stood at 42.8%, while non-government entities accounted for 57.2%.
Profit after tax (PAT) for the year saw a solid 81% YoY jump to ₹ 205.82 crore. Operating EBITDA for the year jumped 79.1% YoY to ₹ 2,84.84 crore, while operating EBITDA margin for the year stood at 13%.
(This is a developing story. Please check back for fresh updates.)
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