19 Feb 2025

Netweb Technologies Stock Rises 4.18% Amid New AI Product Launch

Netweb Technologies India is trading at RS 1396.50, up by 56.00 points or 4.18% from its previous closing of RS 1340.50 on the BSE. The stock opened at RS 1331.95 and recorded a high of RS 1401.90 and a low of RS 1322.25. A total of 745 shares were traded on the counter.

The BSE group 'A' stock, with a face value of RS 2, reached a 52-week high of RS 3060.00 on December 17, 2024, and a 52-week low of RS 1304.25 on February 18, 2025. In the past week, the stock’s high and low stood at RS 1571.45 and RS 1304.25, respectively. The company's market capitalization is RS 7594.45 crore. Promoters hold 71.39% of the company’s shares, while institutional and non-institutional investors hold 16.32% and 12.28%, respectively.

Netweb Technologies has introduced Skylus.ai, a revolutionary GPU aggregation-disaggregation appliance designed to optimize AI and GenAI workloads. The solution simplifies multi-vendor GPU and CPU resource management, fostering faster ideation, collaboration, and efficient resource utilization.

Skylus.ai enables seamless integration of various GPUs and CPUs, ensuring optimal workload distribution. It also incorporates Tyrone Kubyts, a pre-tested, pre-built container image marketplace that streamlines application deployment. Additionally, it integrates with Tyrone HyperScale NAS - ParallelStor, a hyperscale storage solution that enhances data management across on-premises and cloud environments.

Netweb Technologies is a leading high-end computing solutions (HCS) provider and one of India’s few original equipment manufacturers (OEMs). The company benefits from the Government of India's production-linked incentive schemes.