Netweb Technologies shares soar another 10%, up 21% in 2 days. What’s fueling the surge?

Netweb Technologies, a leading provider of high-end computing solutions in India, continued its winning streak as its shares surged another 9.8% in intraday trade on Thursday, February 20 to ₹1,617.95 apiece. The rally began after the company announced the launch of Skylus.ai, a composable GPU aggregation-disaggregation appliance designed to optimize GPU resource management for AI, including GenAI workloads. In addition to its advanced resource management capabilities, Skylus.ai integrates seamlessly with Tyrone HyperScale NAS—ParallelStor, a hyperscale storage solution that supports file and object access, ensures high throughput and low latency, and efficiently manages large volumes of small files. Looking at the company's fundamentals, the company reported total revenue from operations of 334 crore in Q3 FY25, reflecting a 30.1% year-on-year growth compared to Q3 FY24.