Netweb Technologies News Today

The domestic server and high-end computer maker will start manufacturing Nvidia GH200 super chip-enabled systems this quarter, Netweb CMD Sanjay Lodha has said. The company expects the AI Mission and Nvidia tie-up to drive AI systems business

Shares of Netweb Technologies surged 5% to ₹1852, nearing its all-time high, after strong Q4 results in FY24. Company reported highest-ever revenue, EBITDA, and PAT. Partnered with NVIDIA for AI systems and launched Make in India servers. Stock trading 270% higher than IPO price.

Piramal Pharma shares rose 32% in the last six weeks, reaching a new high in 18 months. Despite the recent uptrend, the stock remains 24% below its IPO price. The company has recently expanded into mens grooming products, aiming to enhance self-care practices.

For the fourth quarter of FY24, the companys net profit surged 181.8% to Rs 29.66 crore as against Rs 10.52 crore in the corresponding period of last year.

For the year ended March 31, Netweb Techs order book stood at Rs 411.2 crore as against Rs 71.2 crore in the year ago period

Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.

Netweb Technologies income from AI Systems has grown by about 2.6 times on a year-over-year basis and is now over 11 percent of operating income.

Eighty per cent, or 60 of the 75 companies that made their debut on the mainboard this financial year, ended their listing day with gains.

Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.

Mutual funds reduced holdings and exited several midcap and smallcap stocks. Notable exits include Capri Global, Rama Steel Tubes, and SJVN. Meanwhile, funds reduced exposure to City Union Bank, Ashok Leyland, and Life Insurance Corp of India.