Netweb Technologies Zoomed 13% On Strong Q4 Push; Is More Steam Left?

Shares of Netweb Technologies India Ltd soared 14.31 per cent connected Monday to settee astatine Rs 1,623.75 aft nan institution posted a 45 per cent year-on-year (YoY) jump successful its nett profit, astatine Rs 43 crore, for nan 4th ended March 31, 2025. Operating income for nan 4th fourth (Q4 FY25) ascended by 55.9 per cent to Rs 415 crore.

The maturation was chiefly driven by beardown capacity successful its AI systems conception and robust request from authorities and endeavor clients.

Despite nan mentioned emergence successful today's stock price, Netweb Tech's banal has collapsed 43.72 per cent connected a year-to-date (YTD) basis. A fewer marketplace experts believed that nan antagonistic could spot a further uptick successful nan adjacent term.

The banal has imaginable to deed an upside target of Rs 1,750 owed to beardown Q4 numbers, said Ravi Singh, SVP - Retail Research astatine Religare Broking, adding that investors should support a extremity nonaccomplishment of Rs 1,550.

"Support will beryllium astatine Rs 1,500 and guidance astatine Rs 1,700. A decisive move supra Rs 1,700 level whitethorn trigger a further upside towards Rs 1,810. The expected trading scope will beryllium betwixt Rs 1,500 and Rs 1,810 for nan short term," said Jigar S Patel, Senior Manager - Technical Research Analyst astatine Anand Rathi.

The antagonistic traded higher than nan 5-day, 10-, 20-, 30-day and 50-day elemental moving averages (SMAs) but little than nan 100-day, 150-day and 200-day SMAs. Its 14-day comparative spot scale (RSI) came astatine 60.47. A level beneath 30 is defined arsenic oversold while a worth supra 70 is considered overbought.

The banal has a price-to-earnings (P/E) ratio of 89.83 against a price-to-book (P/B) worth of 19.92. Earnings per stock (EPS) stood astatine 17.85 pinch a return connected equity (RoE) of 22.18. According to Trendlyne data, Netweb has a one-year beta of 1.2, indicating precocious volatility.

As of March 2025, promoters held a 71.03 per cent liking successful nan company.

Published on: May 5, 2025 7:09 PM IST