ICICI Securities reiterates Buy on Netweb Technologies India, raises target price to Rs 5,360
AI Market Summary
ICICI Securities reiterated a buy on Netweb Technologies India and raised its target to INR 5,360 after Q1FY27 revenue surged 172% YoY, margins beat guidance, and the order pipeline rose 151% YoY. Execution of a sizable IndiaAI mission order supports higher HPC/AI growth assumptions and modest FY27–28 EPS upgrades. The update is stock-specific and unlikely to shift broader cross-asset risk appetite near term.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+1.20%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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ICICI Securities maintained its “Buy” rating on Netweb Technologies India and raised its target price to Rs 5,360. The company reported Q1FY27 revenue growth of 172% year on year, with an EBITDA margin of 14.7% and a net profit margin of 10.4%, above its 9–10% guidance range. Its order pipeline stood at Rs 104.1 billion, up 151% year on year, and it executed a Rs 4.3 billion strategic order under the IndiaAI mission, according to the report. Based on this, the brokerage raised its HPC growth assumptions and lifted its FY27–28 EPS forecasts.
