Stocks to buy : Brokerage has initiated coverage on the shares of this data center company giving it a “BUY” rating with a target price of ₹5,000 a piece level. This target price implies an upside of approximately 18% from the stock’s recent closing price on the NSE on yesterday Friday, July 17th.

Stocks to buy : Foreign brokerage firm BofA (Bank of America) has initiated coverage on the shares of Netweb Technologies India Limited (NSE:NETWEB), a data center company with more than 20 years of experience, giving it a “BUY” rating with a target price (Netweb share price target) of ₹5,000 a piece level.

This target price implies an upside of approximately 18% from the stock’s recent closing price on the NSE on yesterday Friday, July 17th. The company’s shares closed at ₹4,244.30 a piece level (Netweb share price) on the NSE yesterday.

BofA believes that the rapid growth of artificial intelligence infrastructure in India is a key advantage for the company, as it is in a strong position to capitalize on this opportunity. Company’s biggest strength is its 15-year-old partnership with NVIDIA , an American GPU and Chip manufacturing giant. Additionally, it has a strong presence in supercomputing space and has long-standing relationships with government clients as well.

Company has shown strong performance over the past few years, strengthening its position in the supercomputing space. This is why the company’s market share, which was just 2% in the fiscal 2020, has now increased to 9% by fiscal 2026. Brokerage believes that as the company’s business grows, its earnings will also grow and according to the brokerage, company’s revenue could grow at a CAGR of 40% between fiscal 2026 and 2029.

About the company

With more than 20 years of experience, Netweb Technologies India Limited is India’s leading high-end computing solutions (HCS) provider with fully integrated design and manufacturing capabilities.

According to the information available on company’s official website, company offers a wide range of services that includes Data Centre Computing, Storage, HPC, Cloud, Big Data & AI, Virtualization along with containers.

It’s HCS (High-end Computing Solutions) offering comprises HPC, Private cloud and (HCI), AI systems and enterprise workstations, High performance storage (HPS) and Data Centre Servers.

Netweb’s expertise includes HPS Solutions with throughput storage of up to 450 GB/Second and ability to meet advanced technological challenges.

Company has done over 500 successful HPC installations along with over 50 private cloud and HCI installations. It has deployed over 5,000 GPU based systems as well.

Company has been assigned a rating of 5A1 by Dun & Bradstreet which indicates that the overall status of the rated entity is “strong”.

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