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The stock has surged 17% in the last two sessions, recovering nearly half of what it lost over the eight trading sessions prior to Wednesday.
Netweb Technologies shares were on an eight-day losing streak before Wednesday’s 10% upper circuit. The stock fell 25% during this eight-day fall.
On Wednesday, the company had announced that it had launched Skylus.ai, an appliance for optimised Graphic Processing Unit (GPU) resource management across multi-vendor environments.The company said that Skylus.ai will support industries ranging from pharma, finance education to automotive design or any organisation which looks to use AI.
The emergence of Chinese AI platform DeepSeek had triggered a sharp sell-off in shares of Netweb Technologies and Anant Raj. However, they had seen some recovery after both had called this an “opportunity” and not a threat.
For the first nine months of financial year 2025, Netweb Technologies reported revenue growth of 60%. Its order book at the end of the December quarter stood at ₹360.3 crore. The company is also the lowest bidder (L1) in projects worth ₹348. crore and has a product pipeline of over ₹3,800 crore.
Shares of Netweb Tech had gained as much as 8% on Thursday but are off the highs of the day, currently trading 2.5% higher at ₹1,511.85.
