New Delhi, Sept. 22 -- Maintaining its strong upward momentum for the second consecutive session, shares of Netweb Technologies gained 8.11% in Monday's intraday trade, September 22, to touch a fresh all-time high of Rs.3,545 apiece. The sharp rally followed the company securing an order worth around Rs.450 crore for the supply of its AI supercomputing systems, according to a regulatory filing on Friday.
The company said it has received a purchase order for its Tyrone AI GPU Accelerated Systems. The order was awarded by "one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions," though the client's name was not disclosed.
The contract involves the "deployment of an AI infr...
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