Shares of Netweb Technologies Ltd. declined nearly 5% to ₹4,145 on Thursday, October 9, as investors booked profits after a sharp 41% rally over the past month. Despite the correction, the stock remains one of the top performers this year, having gained over 50% year-to-date.

The drop came shortly after the company announced a strategic partnership with Bengaluru-based Bud Ecosystem to jointly develop affordable, localized AI infrastructure solutions tailored for Indian industries.

As part of the collaboration, Netweb will integrate its high-performance, enterprise-grade computing systems with Bud’s AI foundry software stack to create ready-to-deploy “AI-in-a-box” systems. These pre-configured setups aim to deliver scalable AI capabilities across sectors such as education, healthcare, retail, agriculture, and small businesses, even in areas with limited connectivity or technical expertise.

Our collaboration with Bud Ecosystem reinforces our vision of building trusted, scalable, and inclusive compute infrastructure for India’s digital growth,” said Swastik Chakraborty, VP–Technology at Netweb Technologies.

Bud Ecosystem, known for its open-source contributions, has released more than 20 AI models, including large language models (LLMs), diffusion models, small language models, and CodeGen models.

Netweb shares have seen remarkable momentum since their 2023 IPO at ₹500 per share, trading more than eight times higher than the issue price, cementing the stock’s position as one of the most successful listings in recent years.

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