Why is Netweb stock trending today? IT OEM shares hit 52-week high, up 40 per cent in a month

Monday morning began with the shares of Netweb Technologies skyrocketing by around 7.5 per cent to hit an intraday high and 52-week high of Rs 3314 apiece on the NSE vs its Friday close of Rs 3079.40 per share.

The New Delhi-based OEM specialised in High-end Computing Solutions (HCS) is headed by Chairman and MD Sanjay Lodha. It is a manufacturer in the IT sector which takes “Make in India” to the next level—developing homegrown compute and storage technologies.

Over the course of the past month, Netweb shares have jumped by at least 40 per cent! So, why the sudden spike in the company’s stock?

Two things happened.

One, Netweb bagged a massive Rs 1,734 crore order from “one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions” for the supply of servers based on NVIDIA’s latest Blackwell architecture.

Two, Prime Minister Narendra Modi earlier last week announced that the country is developing its own new Design Linked Incentive Program for OEMs.

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These are both positive news according to the market. The Rs 1,734 crore order, which covers the “deployment of AI Infrastructure facility using the latest GPU-accelerated platforms”, is expected to be executed between the last quarter of FY2026 and the first half of FY2027.

“This [order] will help India emerge as an AI superpower and benefit multiple industry verticals,” said Lodha, the firm’s chairman.

Currently, Netweb is valued at around Rs 17,456 crore as per NSE records. The stock on the NSE has an ROE of 24.02 per cent with a P/E ratio of 135.26, according to the latest information available on Kotak Securities. Its 52-week low is Rs 1,251.55 per share and 52-week high is Rs 3314, which it hit today.

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