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Netweb Technologies Shares Fall 5% After Strong Multiyear Gains

Netweb Technologies Shares Fall 5% After Strong Multiyear Gains
Netweb Tech shares crash over 5%— Is it an opportunity to buy this multibagger stock? · livemint.com

Netweb Technologies is a company whose shares are traded on the stock market.

Its share price fell by more than 5% on Tuesday, 15 September.

The shares started the day at ₹4,979.45.

They later dropped to ₹4,754.90.

The article says investors were probably booking profits after earlier gains.

The stock had risen more than 480% over the past three years.

It also gained 65% over the last year and 54% so far this year.

The article gives the recent price movement but does not decide whether investors should buy the shares.

Key facts

Opening price
₹4,979.45
Previous close
₹5,026.90
Intraday low
₹4,754.90
Intraday decline
As much as 5.4%
Three-year return
More than 480%
One-year return
65%
Year-to-date return
54%
Recent 52-week high
₹5,810 on 24 August

Sources

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