E2E નેટવર્ક્સ સાતમા લોઅર સર્કિટમાં હિટ થતાં પહેલાં નેટવેબ ટેક્નોલોજીસ 5.1% ઘટી હતી

Netweb Technologies shares fell up to 5.1% to ₹4,106.10 on the NSE on 26 October 2026 before recovering part of the decline, while E2E Networks hit its 5% lower circuit at ₹537.75 for a seventh consecutive session. Netweb Technologies was trading at ₹4,240.10, down 2.21%, on the NSE at around 1 PM IST. The moves came despite Netweb reporting higher second-quarter profit and revenue for the period ended 30 September 2026.

Netweb Technologies reported ₹136.7 crore Q2 profit

Netweb Technologies reported consolidated profit after tax of ₹136.7 crore for the quarter ended 30 September 2026 (Q2 FY27) against ₹31.4 crore in the corresponding quarter of previous year.

Despite the weakness in the Netweb Technologies share price, the company's revenue from operations for the September quarter rose to ₹1,323.3 crore from ₹303.7 crore in the corresponding quarter last year, reflecting strong growth in its AI and high-performance computing business.

As of September 30, 2026, the order book of Netweb Technologies included ₹2,629 crore and an additional L1 position of ₹652.5 crore.

E2E Networks extended its decline to seven sessions

E2E Networks shares hit the 5% lower circuit at ₹537.75 on the NSE on 26 October 2026.

The fall extended E2E Networks' decline for a seventh consecutive trading session.

Netweb Technologies had fallen for five sessions

Netweb Technologies was trading at ₹4,240.10, down 2.21%, on the NSE at around 1 PM IST on 26 October 2026.

NSE data showed that Netweb Technologies shares had declined for five consecutive trading sessions.

AI-linked stocks faced pressure after Meta's earnings report

AI-linked stocks came under pressure globally after Meta's earnings report revived concerns about heavy capital spending on artificial intelligence.

AI systems contributed 58.4% of Netweb's revenue

Chairman and Managing Director Sanjay Lodha said AI systems contributed ₹773.1 crore, or 58.4%, of Netweb Technologies' revenue from operations. He also said high-performance computing contributed ₹248.2 crore and private cloud contributed ₹244.8 crore.

Lodha said Netweb Technologies' profit after tax for the first half of the current fiscal year reached ₹222 crore, compared with full-year FY26 profit after tax of ₹205.8 crore.