Netweb Tech hits new high
Netweb Technologies is up in the green today, rising over 8% to hit a new 52-week high at Rs.3544.80, with an almost 1.5x surge in volumes.
The stock price rose on the back of the receipt of a new order worth Rs.450 crore for its Tyrone AI GPU Accelerated Systems.
The company has not disclosed the name of the client and only said that it is from a “leading Indian-headquartered global technology distribution and integrated supply chain solutions provider.”
The deliverables are expected to be completed by the end of fiscal year 2025-26.
Netweb is clearly positioning itself as a key player in India’s AI / GPU infrastructure space. This order, along with earlier large AI order worth Rs.1734 crore in Sept’25strengthens its profile. There's growing demand in India for AI computing power (both from government/sovereign AI missions and private sector players). Netweb is benefiting from this tailwind.
Its order book as at 30th June 2025 stood at Rs.4142 crore.