Netweb Tech Share Price Rebounds Jumps 10% After Clarification on DeepSeek Impact

Netweb Technologies’ share price rebounded sharply on January 29, 2025, rising by 10% to reach ₹1,606.35, hitting its upper circuit limit. This was after 8 consecutive days of losses. The stock opened at ₹1,491.05 and surged to its upper price band from the previous close of ₹1,460.35.

Company Clarifies Impact of DeepSeek AI 

In a filing with the exchange, Netweb Technologies highlighted the potential positive impact of DeepSeek AI on its business. The company stated that DeepSeek presents a significant opportunity for growth by increasing the adoption of AI solutions.

Opportunity for Growth 

Netweb Technologies explained that DeepSeek lowers the cost barriers for advanced technologies, allowing a wider range of customers to access and use AI. This broader accessibility is expected to drive increased demand for the company’s AI solutions.

AI Solutions and Market Expansion 

Netweb’s portfolio includes multi-GPU/APU platforms for both AI inference and training. Their solutions integrate seamlessly with platforms like DeepSeek, which boosts adoption. The company believes that AI adoption, especially with platforms like DeepSeek, will accelerate local government and enterprise initiatives within India.

Netweb Technologies emphasised its continued revenue growth and strong order pipeline since FY24. With ongoing product improvements and expansion, the company is well-positioned for sustained growth.

Despite struggles in the past year, Netweb Tech share price has seen fluctuations, including a sharp drop of 46% in January 2025. The stock reached a 52-week high of ₹3,060 in December 2024 and a low of ₹1,294.35 in February 2024.

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