Netweb Technologies Sees 10% Surge in Share Prices after Emphasizing Opportunities from DeepSeek

Mumbai, January 8 (Alayaran.com): Shares of Netweb Technologies Ltd surged by 10 per cent on Wednesday's trading, reaching a high of Rs 1,606.35 on the BSE, amid optimism over emerging opportunities presented by the recent launch of DeepSeek.

The company attributed three key factors for its positive growth forecast: the inclusive adoption of Artificial Intelligence (AI) technologies; cost barrier reduction enabled by platforms like DeepSeek; and alignment with local governments' and enterprises' interests in indigenous AI solutions.

Netweb Technologies stated that DeepSeek will facilitate wider-scale AI adoption, encouraging more businesses to access and utilize computing resources previously out of reach due to high costs. By enhancing performance capabilities of its solutions, the company expects accelerating demand for its own offerings.

In addition, Netweb pointed out that the emergence of platforms like DeepSeek is in line with India's government policies focused on developing indigenous AI models, which the Indian administration aimed at harnessing global technological shifts. The local government interest will accelerate the development of similar platforms within India, propelling national initiatives and investments into transformative technologies.

Previous strong performance from the company can also provide confidence to market analysts. Netweb Technologies reported strong year-on-year growth in its revenue for both Fiscal Year (FY) 2024 and first nine months (9MFY25), displaying its ability to sustain robust growth despite expansion.

The company holds orders amounting Rs 360,30 crore with Letter of Intent (L1) at Rs 348,10 crore and a growth-intensive pipeline valued at Rs 3.814 crores as of 31 Dec 2024. Its unique capability for in-house R&D-driven design and manufacturing enables technology-agnostic platforms that align to the latest world's computing standards.

As shares of Netweb Technologies rose on speculation about potential benefits associated with DeepSeek, market players may analyze ongoing technological shifts in global AI development for its expected impact on this Indian High-Ender company.