India's Netweb Technologies rises as ICICI Securities initiates with 'buy'

Netweb Technologies India

15/12/2025 08:32

** Shares of Netweb Technologies NETE.NS rise 4% to 3,334 rupees

** ICICI Securities initiates coverage on computing solutions provider with "buy" rating and PT of 4,110 rupees

** Says Netweb being Nvidia's NVDA.O only original equipment manufacturer (OEM) partner in India, it gets early access to its chips and architectures

** Says co's partnership with other chipmakers Intel INTC.O and AMD AMD.O allows it to get latest chips 12-14 months in advance

** Brokerage expects co's revenue to grow at a compounded annual growth rate of 59% between FY25 and FY28E, PAT at 58%

** YTD, stock up 22.2%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))