Netweb shares jump 7.8% on IT rebound and strong Q2 growth
In short
Netweb Technologies shares climbed as much as 7.8% on Wednesday. The rise came after a wider rebound in IT stocks and reports of record Q2 FY27 revenue and profit. The company also had a ₹2,629 crore order book.
The stock had fallen 13% in the past month. The strong numbers and sector bounce helped lift investor sentiment.
What the reporting says
Netweb Technologies shares rose as much as 7.8% on Wednesday, after a broader IT-sector rebound and reported record Q2 FY27 revenue and profit. The company also cited strong sequential growth and a ₹2,629 crore order book. The move came even as wider AI-linked stocks, including Nvidia, were under pressure, and the stock had fallen 13% over the past month.
Why it matters
Netweb Technologies shares gained on Wednesday, supported by a broader IT-sector recovery and reported record Q2 FY27 revenue and profit. The stock also had backing from a ₹2,629 crore order book and strong sequential growth. The move is relevant for investors tracking AI-linked and IT names, especially after the shares had fallen 13% over the prior month.