India's Netweb Technologies rises as ICICI Securities initiates with 'buy'
ReutersDec 15, 2025 8:32 AM
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%
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