Synopsis: Netweb Technologies India Limited (NETWEB) shares climbed over 3% on Wednesday morning following the introduction of Tyrone ParallelStor Velox. This new unified data platform is specifically designed to eliminate data bottlenecks in AI, High-Performance Computing (HPC), and enterprise infrastructures.
In a regulatory filing dated April 29, 2026, Netweb Technologies announced the launch of Tyrone ParallelStor Velox, a sophisticated data backbone engineered to keep pace with modern GPU clusters. The platform addresses the critical challenge where AI performance is increasingly limited by data velocity rather than just compute power.
ParallelStor Velox unifies data across flash, disk, tape, and cloud into a single global namespace, eliminating the inefficiencies of fragmented storage. Key technical highlights include support for NVIDIA GPU Direct Storage, which allows direct data transfer to GPU memory, bypassing CPU overhead and significantly reducing latency.
Swastik Chakraborty, VP of Netweb Technologies, stated that the platform enables organizations to move beyond fragmented storage to a unified system capable of supporting AI and HPC workloads at scale. The solution is also positioned as a key component for sovereign AI infrastructure, offering enhanced control and security for government and research sectors.
As of April 29, 2026, Netweb Technologies India Limited (NETWEB) shares are trading at Rs. 4,092.40, up 2.25% from the previous close. The stock reached an intraday high of Rs. 4,174.80, continuing its strong momentum with an absolute return of 28.69% over the past month.
Currently, the company has a market capitalization of Rs. 23,302.41 crore and maintains a high P/E ratio of 127.87. Investor interest remains solid, reflected by a delivery percentage of 36.12% and a trading position significantly above its 52-week low of Rs. 1,397.10.
Company Overview
Netweb Technologies India Limited is the country’s leading provider of high-end computing solutions (HCS). Its extensive portfolio includes High-Performance Computing (HPC), private cloud and Hyper-Converged Infrastructure (HCI), AI systems, and high-performance storage. Founded in 1999 and led by Chairman and Managing Director Mr. Sanjay Lodha, the company operates a manufacturing facility in the Delhi-NCR region and was listed on the NSE and BSE in July 2023.
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