Netweb Technologies Share Price Rises 45% in 6 Months: What’s Driving the Stock Rally?

Shares of Netweb Technologies were seen continuing their streak on Thursday, September 3, as the stock surged by 5% in early trading on NSE and seemed ready to end its three-day losing streak. 

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

The stock started trading at ₹5,165 against its last close of ₹5,110 and moved up by as much as 4.7% to touch an intraday high of ₹5,349.50. With this move, the stock was seen gaining by 45% in the past six months. 

This move has come on the back of robust financial results, supportive management comments, and a capital raise worth ₹1,200 crore through a QIP. 

Strong FY26 performance 

One of the key factors supporting investor sentiment is Netweb Technologies’ financial performance for FY26. 

According to the company’s exchange filing cited in the LiveMint report, revenue from operations rose 90% year-on-year to ₹2,183.56 crore. Revenue from the AI systems segment stood at ₹947.8 crore. 

The company’s customer mix comprised 42.8% government entities and 57.2% non-government entities. 

Profit after tax increased 81% year-on-year to ₹205.82 crore. Operating EBITDA rose 79.1% year-on-year to ₹2,84.84 crore, while the operating EBITDA margin for the year stood at 13%. 

Netweb Technologies Chairman and Managing Director Sanjay Lodha said the company had strengthened its position in India’s AI infrastructure and end-to-end computing solutions landscape during FY26. He also pointed to the expansion of its technology and manufacturing capabilities and the securing of what the company described as landmark opportunities. 

Lodha added that the company remained focused on building on the momentum created by accelerating AI adoption. 

₹1,200 crore QIP adds to the story 

Another important development came on August 25, when Netweb Technologies announced that it had successfully raised ₹1,200 crore through a qualified institutions placement. 

This marked the company’s first equity capital raise since its listing on the NSE and BSE in July 2023. 

Following the QIP, the company allotted 25,05,219 shares with a face value of ₹2 each at an issue price of ₹4,790 per share. 

Netweb said the net proceeds would be used to meet working capital requirements, particularly to support the execution of anticipated growth in its order book, as well as for general corporate purposes. 

AI infrastructure remains a key theme 

The broader investment narrative around Netweb is closely tied to the growth of AI infrastructure in India. 

Sonam Srivastava, founder of Wright Research, described Netweb as being at the centre of India’s AI infrastructure push, including data-centre capital expenditure, sovereign compute projects and the government’s focus on local server manufacturing. 

She also highlighted the company’s tie-up with Nvidia as a significant advantage, saying it provides access to hardware facing supply constraints. According to Srivastava, AI systems, which were previously a smaller part of Netweb’s business, have emerged as its main revenue driver. 

Stock performance remains strong 

Netweb Technologies’ recent gains have added to an already strong run on the stock market. 

The shares rose nearly 3% in September after gaining 15% in August, according to the report. 

The stock touched a 52-week high of ₹5,813 on August 24. Its 52-week low stands at ₹2,243.90, recorded on September 2 last year. 

On a year-to-date basis, the shares were up 73% on the NSE, while their one-year return stood at 111%, according to the LiveMint report. 

For now, the stock’s rise reflects a combination of strong FY26 numbers, the growing contribution from AI systems, fresh capital raised through the QIP and investor interest in India’s expanding AI infrastructure opportunity.