Multibagger stock Netweb Technologies surges almost 10% in a lacklustre market; what should investors do?
Here's what's trending across India right now:
Netweb Technologies share price surged almost 10% in intraday trade on the BSE on 31 July. ( Agencies ) AI Quick Read Netweb Technologies share price surged almost 10% in intraday trade on the BSE on Friday, 31 July, amid a lacklustre market. Netweb Technologies shares opened at ₹ 4,281.25 against their previous close of ₹ 4,197.05 and jumped as much as 9.6% to an intraday high of ₹ 4,597.95. Around 12:15 PM, the stock was 8.23% up at ₹ 4,542.60, looking set to snap its two-day losing run. Equity benchmark Sensex was 0.20% up at 78,087 at that time.
Adding to this, Netweb Technologies on 28 July reported a nearly 180% year-on-year (YoY) jump in Q1FY27 profit after tax (PAT) to ₹ 85.32 crore rupees.
Meanwhile, Revenue from operations clocked a 172% YoY growth to come at ₹ 819.69 crore rupees for the quarter.
Notably, The company's order book by the end of the June quarter stood at ₹ 2,506.94 crore rupees.
As per the latest buzz, Income from AI systems grew by 484.20% YoY, and its contribution to the company's operating revenue increased to 62.29%.
In further updates, Netweb Technologies share price has delivered multibagger returns of over 120% over the last one year, while year-to-date, the stock is up over 45%, as per the BSE data.
On top of that, Sonam Srivastava, the founder of Wright Research, shared Netweb's Q1FY27 numbers stood out this earnings season due to a strong jump in revenue and profit after tax.
"Profit is outpacing revenue, the PAT margin has crossed 10%, and the operating EBITDA margin has bounced back to 14.7% from 12.5% last quarter. So, they're clearly turning this AI-led demand wave into real, profitable growth, not just chasing topline through discounts or aggressive pricing," Srivastava noted.
Source: mint