Netweb Technologies Shares Fall Nearly 7% After Massive Rally: Expert Views and Key Support Levels
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Shares of Netweb Technologies experienced a sharp downward correction on Tuesday, September 15, falling by nearly 7% and interrupting a strong two-day market rally. Opening at ₹4,979.45 on the BSE against its previous close of ₹5,026.90, the stock hit an intraday low of ₹4,681.70. Market analysts attribute this sudden downturn primarily to profit-booking by investors following a spectacular multi-year run. Despite the short-term pullback, Netweb Technologies remains a phenomenal long-term wealth creator, having delivered staggering multi-bagger returns exceeding 480% over the past three years, while registering a 65% gain over the past year and roughly 54% in 2026 alone.
Strong Financial Performance Driven by AI Infrastructure and Expert Technical Outlook
The company's fundamental growth remains robust, heavily bolstered by booming investments in artificial intelligence (AI) infrastructure, data center expansion, and India's push for domestic high-performance computing server manufacturing. Netweb's stellar financial health was recently highlighted by its June quarter results, where net profit more than doubled to ₹85.32 crore compared to ₹30.4 crore in the corresponding period last year, alongside operating revenue surging to ₹819.6 crore. However, technical experts advise caution: Vipin Kumar, AVP-Research at Globe Capital Markets, notes that profit-taking could find a stabilizing zone between ₹4,100 and ₹4,400, whereas AT Research & Risk Managers founder Aditya Thukral points out short-term weakness indicated by lower highs and lower lows below key moving averages, recommending a strict stop-loss at the ₹4,600 support level.
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