Netweb Technologies just posted another solid quarter — Q2 FY26 profit rose 19.8% YoY to ₹31.4 crore, and revenue climbed 20.9% to ₹303.7 crore.
The company also announced two large AI-infrastructure orders worth ₹2,184 crore, to be executed by FY27 — projects of national importance aimed at strengthening India’s AI compute backbone.
Founded in 1999, Netweb has evolved into one of India’s top high-end computing OEMs, providing full-stack server, storage, and AI-cloud solutions.
With a market capitalization of around ₹229 billion, a P/E near 179, and promoters holding 70.75%, it’s clearly positioned as a premium play on India’s emerging tech hardware scene.
Riding the Global AI Wave
As the world races to build computing power for artificial intelligence, Netweb is positioned right where the action is.
Its expertise in AI-focused data centers and HPC systems fits seamlessly into India’s push for a “Sovereign AI” framework.
Those fresh strategic orders aren’t just business wins — they mark India’s deeper entry into the global AI supply chain.
Technical Picture – A Textbook Impulse
The weekly chart unfolds into a clean five-wave impulse in progress — with Waves 1 through 3 already complete, topping near ₹4,479. The stock now appears to be tracing Wave 4, a corrective phase before the final Wave 5 advance resumes.
The bullish invalidation sits at ₹3,060 — a dip below this level would question the ongoing impulse count.
If the structure holds, Wave 5 could propel prices toward the ₹5,300–₹5,600 zone, extending the uptrend that began in late 2023.
Quick Financial Snapshot
Strong growth, lean balance sheet, but a bit of cash burn — classic expansion mode behavior.
Final Take
Netweb’s chart and fundamentals tell the same story — a brief pit stop before the next sprint.
While valuations look steep, the structural and thematic tailwinds remain powerful.
Sustain above ₹3,060, and the bigger Wave 5 rally could well coincide with India’s AI infrastructure boom.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
The company also announced two large AI-infrastructure orders worth ₹2,184 crore, to be executed by FY27 — projects of national importance aimed at strengthening India’s AI compute backbone.
Founded in 1999, Netweb has evolved into one of India’s top high-end computing OEMs, providing full-stack server, storage, and AI-cloud solutions.
With a market capitalization of around ₹229 billion, a P/E near 179, and promoters holding 70.75%, it’s clearly positioned as a premium play on India’s emerging tech hardware scene.
Riding the Global AI Wave
As the world races to build computing power for artificial intelligence, Netweb is positioned right where the action is.
Its expertise in AI-focused data centers and HPC systems fits seamlessly into India’s push for a “Sovereign AI” framework.
Those fresh strategic orders aren’t just business wins — they mark India’s deeper entry into the global AI supply chain.
Technical Picture – A Textbook Impulse
The weekly chart unfolds into a clean five-wave impulse in progress — with Waves 1 through 3 already complete, topping near ₹4,479. The stock now appears to be tracing Wave 4, a corrective phase before the final Wave 5 advance resumes.
The bullish invalidation sits at ₹3,060 — a dip below this level would question the ongoing impulse count.
If the structure holds, Wave 5 could propel prices toward the ₹5,300–₹5,600 zone, extending the uptrend that began in late 2023.
Quick Financial Snapshot
- FY25 revenue: ₹11.43B (+58% YoY)
- Debt: Only ₹10.25M – practically debt-free
- Free cash flow: Negative ₹295M (signs of growth investment)
Strong growth, lean balance sheet, but a bit of cash burn — classic expansion mode behavior.
Final Take
Netweb’s chart and fundamentals tell the same story — a brief pit stop before the next sprint.
While valuations look steep, the structural and thematic tailwinds remain powerful.
Sustain above ₹3,060, and the bigger Wave 5 rally could well coincide with India’s AI infrastructure boom.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.