Shares of Netweb Technologies fell up to 5 percent in Monday's trade despite strong September quarter results, as a global sell-off in artificial intelligence-linked stocks weighed on investor sentiment.
The stock fell 5.1 percent to Rs 4,106.10 per share on the NSE before recovering some losses. It was later trading at Rs 4,240.10, down 2.21 percent, at around 1 p.m.
Netweb Technologies shares have declined for the past five trading sessions.
The company's consolidated profit after tax (PAT) jumped to Rs 136.7 crore in the second quarter ended September 30, 2026, from Rs 31.4 crore in the year-ago period, driven by demand for AI infrastructure.
Revenue from operations rose to Rs 1,323.3 crore in the September quarter from Rs 303.7 crore in the corresponding period last year.