Shares of the company have gained about 130 per cent in the last six months.
Shares of Netweb Technologies India Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 130 per cent.
The company posted strong Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 265.89 crore which grew by 115.49 per cent YoY. The operating profit of the company stood at Rs 44.36 crore, while the PAT of the company stood at Rs 29.66 crore, representing a strong growth of 181.78 per cent YoY.
Shares of Netweb Technologies India Limited have also delivered multibagger returns to their shareholders in less than one year. During this period, the company’s share price jumped from Rs 910.40 on July 27, 2023, to Rs 1852.65 on May 03, 2024, an increase of about 100 per cent in less than a one-year holding period.
Netweb Technologies India (NTI) is one of India‘s leading high-end computing solutions (HCS) providers, with fully integrated design and manufacturing capabilities. Netweb Technologies designs, manufactures, and deploys HCS comprising proprietary middleware solutions, end-user utilities, and precompiled application stack. The company has an order book of Rs 4,112 million as of 31st March 2024.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
