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Brokerage optimism lifts Netweb Tech as fresh coverage sparks buying
Netweb Tech gained after ICICI Securities initiated coverage with a ‘buy’ call, citing strong positioning in high-performance computing, AI-driven demand, and improving long-term growth visibility for the company.
Netweb Technologies shares moved higher after ICICI Securities initiated coverage on the stock with a ‘buy’ recommendation, triggering renewed investor interest. The brokerage highlighted Netweb’s positioning in high-performance computing and data centre solutions, along with strong growth visibility driven by AI-led demand. The positive initiation note helped push the stock up around four percent, as market participants reacted to improved earnings outlook and long-term structural growth drivers.