29 Jan , 2025 By : Debdeep Gupta
Shares of Netweb Technologies and Anant Raj surged as much as 10 percent, clawing back lost ground from a recent selloff as both companies sought to ease investor concerns. In their statements, the companies clarified that the emergence of China’s low-cost AI startup, DeepSeek, presents opportunities rather than threats to their business.
Following the clarification, Netweb Technologies rallied 10 percent, while Anant Raj jumped 9 percent, recovering some of the steep losses from the global AI stock rout triggered by DeepSeek’s rapid rise, which had raised concerns about its impact on established players.
Despite today’s rebound, Anant Raj has seen its stock price plunge over 42 percent in the past three sessions, while Netweb Technologies has lost half its value during an eight-day losing streak before the latest recovery.
Anant Raj stated in its exchange filing that the emergence of platforms like DeepSeek will increase the need for more data centers, contrary to fears of a reduction as processing becomes more decentralized.
While Anant Raj is primarily a real estate company, it has expanded into the data center and AI-driven solutions space through its subsidiary, Anant Raj Cloud.
Netweb Tech also shared an exchange filing that echoed similar sentiments. "As a leader in high-end computing, with AI as an important vertical, we view the emergence of DeepSeek's a significant opportunity for our business growth," Netweb Tech said.
According to Netweb, DeepSeek promotes inclusive AI adoption, expanding the market. Netweb’s AI solutions offer multi-GPU/APU platforms for both inference and training. Platforms like DeepSeek align with the goals of local governments and enterprises, fostering the development of similar solutions within India.
Meanwhile, Netweb also expressed confidence in its fundamentals which remain robust, both technologically as well as financially.
For the first nine months of the financial year 2025, Netweb Technologies reported revenue growth of 60 percent, with an order book that stood at Rs 360.30 crore. The company also emerged as the lowest bidder (L1) in projects worth Rs 348. crore and has a product pipeline of over Rs 3,800 crore."
We remain focussed on surpassing our guidance and solidifying our leadership in the high-end computing space," Netweb added.
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