Netweb Technologies Shares Rally 8% Despite Nvidia Sell-Off As Q2 FY27 Profit Jumps Over Fourfold To ₹136.7 Crore

Netweb Technologies share price rose nearly 8% in morning trade on Wednesday, 11 November, touching ₹4,141.75 at 10:25 AM. The buying came despite a sharp fall in Nvidia shares overnight. For Netweb, however, investors had another reason to turn optimistic: its Q2 FY27 earnings, which saw revenue cross ₹1,300 crore and net profit more than quadruple from a year earlier.

Why Did Netweb Technologies Share Price Rise Today?

The timing is interesting. Nvidia shares fell 5.5% on Wall Street amid reports of an FBI investigation into CEO Jensen Huang's personal life. Netweb, which has worked with Nvidia for 15 years, moved in the opposite direction.

The Netweb Technologies share price had been under pressure before Wednesday's recovery. It had shed 13% over the past month and 15% in three months. At ₹4,141.75, it was still nearly 28% below its August 2026 peak of ₹5,810.

A broader recovery in technology stocks also helped. The Nifty IT index gained around 4% during the session, giving investors another reason to revisit beaten-down technology counters. However, by 11:58 AM, the gains were erased with the index down 0.15%.

Netweb Technologies' Q2 results showed revenue from operations at ₹1,323.3 crore, against ₹303.7 crore a year ago. Net profit increased to ₹136.7 crore from ₹31.4 crore. Its order book stood at ₹2,629 crore as of 30 September, providing visibility on upcoming business.

What Do Brokerages Expect From Netweb Technologies?

Analysts are upbeat on Netweb’s growth. One estimate has revenue growing at an annualised 40% between FY26 and FY29, with demand for AI infrastructure expected to drive much of it. They also point to a growing project pipeline, which includes orders where Netweb came out as the lowest bidder.

The weak spot is cash. Working capital management needs to improve, and free cash flow still has to become more consistent.

Source

NSE India

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