ICICI Securities reiterates "Buy" on Netweb Technologies India, raises target price to Rs 5,360
AI Market Summary
ICICI Securities reiterated a buy rating on Netweb Technologies India and raised its target after Q1FY27 revenue surged 172% YoY, margins beat guidance, and the order pipeline grew 151% with a large India National AI Mission order. The note signals strengthening demand for HPC/AI infrastructure and improves earnings expectations, but the impact is company-specific and limited for broad markets.
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ICICI Securities has reiterated its "Buy" rating on Netweb Technologies India and raised its target price to Rs 5,360.
In Q1 FY27, the company reported a 172% year-on-year jump in revenue. EBITDA margin came in at 14.7%, while net profit margin rose to 10.4%, beating management's 9–10% guidance range.
The brokerage also highlighted a strengthened order pipeline of Rs 104.1 billion, up 151% year on year. Netweb has additionally secured a strategic order worth Rs 43 billion under the India National AI Mission.
On the back of these developments, ICICI Securities upgraded its growth expectations for the HPC business and raised its FY27–FY28 EPS forecasts.
