India's Netweb Tech hits record high on strong Q2 results

Netweb Technologies India

21/10/2024 06:35

** Shares of Netweb Technologies  NETE.NS  rise as much as
10% to a record high of 2,949.8 rupees
    ** IT services and consulting firm on Sautrday reported ~70%
Y/Y rise in Q2 profit, rev from ops up 73%
    ** Earnings aided by growth in income from AI Systems
segment, co said
    ** More than 630,000 shares change hands, 3.8x its 30-day
avg
    ** Stock has more than doubled in price so far this year,
and has more than tripled since listing in July 2023

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))