Multibagger stock Netweb Technologies surges almost 10% in a lacklustre market; what should investors do?
New Delhi, July 31 -- Netweb Technologies share price surged almost 10% in intraday trade on the BSE on Friday, 31 July, amid a lacklustre market. Netweb Technologies shares opened at Rs.4,281.25 against their previous close of Rs.4,197.05 and jumped as much as 9.6% to an intraday high of Rs.4,597.95. Around 12:15 PM, the stock was 8.23% up at Rs. 4,542.60, looking set to snap its two-day losing run. Equity benchmark Sensex was 0.20% up at 78,087 at that time.
Netweb Technologies on 28 July reported a nearly 180% year-on-year (YoY) jump in Q1FY27 profit after tax (PAT) to Rs.85.32 crore.
Revenue from operations clocked a 172% YoY growth to come at Rs.819.69 crore for the quarter.
Operating EBITDA stood at Rs.120.52 crore, up 169% YoY, ...
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