Netweb Technologies falls over 7% as global tech sell-off hits stock
In short
Netweb Technologies shares fell for a seventh session on Friday. The stock has dropped more than 15% in seven sessions.
Traders were worried about valuations and slightly lower margins, even though the company had strong Q2 earnings growth and a strong order book.
What the reporting says
Netweb Technologies shares fell for a seventh straight session on Friday, dropping over 15% in seven sessions, according to a Mint Markets summary. The slide came amid a global tech sell-off, valuation concerns and slightly lower profit margins. The stock weakened despite sharp Q2 earnings growth and a strong order book.
Why it matters
Netweb Technologies extended its decline for a seventh consecutive session on Friday, taking the seven-session drop to more than 15%. The selling was linked to a global tech sell-off, valuation worries and slightly lower profit margins. The move stands out because it came despite strong Q2 earnings growth and a solid order book, keeping investor focus on valuation in AI-linked stocks.