Netweb Technologies India Ltd News
Netweb Technologies zooms 10%, hits all-time high on stellar Q2 show
Netweb Technologies shares hit an all time high of Rs 2,949.65 per share on the BSE, climbing 10 per cent in Monday's intraday trade
 "Netweb Technologies zooms 10%, hits all-time high on stellar Q2 show")
Six firms including Citigroup Global buy stake in Netweb Tech for Rs 458 cr
Six entities, including Citigroup Global Markets Mauritius, ICICI Prudential MF and Societe Generale, on Friday acquired stakes in Netweb Technologies India for Rs 458 crore through open market transactions. As per the data available on NSE, Citigroup Global Markets Mauritius, Discovery Global Opportunity Mauritius, ICICI Prudential Mutual Fund, Invesco MF, Societe Generale and Union MF bought a total of 20,54,795 shares or 3.64 per cent stake in Netweb Technologies India. Shares were picked up at an average price of Rs 2,232.10 apiece, taking the combined deal value to Rs 458.65 crore. Meanwhile, four promoters -- Navin Lodha, Sanjay Lodha, Niraj Lodha and Vivek Lodha -- offloaded the same amount of shares at the same price on the National Stock Exchange (NSE). After the share sale by these promoters, the combined shareholding of promoters and promoter group entities in Netweb Technologies India will decline to 71.4 per cent from 75.04 per cent. Shares of Netweb Technologies Ind
 "Six firms including Citigroup Global buy stake in Netweb Tech for Rs 458 cr")
Netweb Tech Q1 results: Firm's net profit jumps 3-fold to Rs 15.4 cr
IT hardware company Netweb Technologies on Saturday posted over three-fold jump in net profit to Rs 15.4 crore in the April-June quarter of 2024-25. The company had posted a net profit of Rs 5 crore in the same period a year ago. Total income also increased to Rs 153.21 crore during the reported quarter from Rs 60.2 crore in June 2023 quarter. "AI systems has emerged as a pivotal growth pillar, contributing significantly to our operating revenue, with its share increasing to 14.6 per cent in the quarter gone by, marking a robust growth of 146 per cent YoY," Sanjay Lodha, Chairman and Managing Director, Netweb Technologies said.
Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices
The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies
 "Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices")
