More than 2.5 crore shares changed hands during the week, the highest trading volume since the company’s debut.
The rally was fueled by news that Netweb bagged an order worth ₹1,734 crore to supply servers based on Nvidia’s Blackwell architecture. The order came from one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions.
The project, scheduled for execution between the last quarter of FY26 and the first half of FY27, will leverage Netweb’s GPU-accelerated platforms powered by Nvidia Blackwell and its in-house Tyrone Camarero AI platform.
Chairman and Managing Director Sanjay Lodha said the order “will help India emerge as an AI superpower,” enabling socio-economic transformation through indigenous large language and multimodal models.
Investor sentiment was further buoyed by the company’s annual general meeting on August 30, where management shared an upbeat AI-led growth roadmap. This optimism has sparked fresh buying at the start of September.
Netweb, which debuted on July 27, 2023, at an 89% premium to its issue price, has since risen more than fivefold. The stock closed Friday at ₹3,182.50.
Only two analysts currently track the company, and both maintain a ‘Buy’ rating.
