NETWEB TECHNOLOGIES SHARE PRICE : AI STOCK CRACKS OVER 7 % TODAY , DOWN 15 % IN 7 DAYS - HERE WHY ; STILL A STOCK TO BUY ?

What happened: Netweb Technologies shares fell more than 7% on Friday, November 6, the seventh consecutive losing session, as selling pressure in global AI and technology stocks, valuation concerns and margin moderation weighed on sentiment. Key numbers: Intraday low ₹3,717, down as much as 7.6%. Why it matters: The stock is seen as a domestic AI infrastructure play, making it sensitive to global sentiment on the crowded AI trade. BofA expects 40% revenue CAGR between FY26 and FY29 and sees Netweb as a key beneficiary of India's AI infrastructure buildout.

Netweb Technologies shares fell more than 7% on Friday, November 6, the seventh consecutive losing session, as selling pressure in global AI and technology stocks, valuation concerns and margin moderation weighed on sentiment.

The stock is seen as a domestic AI infrastructure play, making it sensitive to global sentiment on the crowded AI trade. BofA expects 40% revenue CAGR between FY26 and FY29 and sees Netweb as a key beneficiary of India's AI infrastructure buildout.