AI, data centre-themed smallcap multibagger stock doubles in 6 months. Should you buy?

Netweb Technologies has more than doubled investors’ wealth in just six months, rallying 115% as a string of order wins, the government’s digital push and India’s data centre story have drawn renewed buying interest. The sharp move has now left investors asking whether the rally has more legs.

Brokerages believe the answer lies in India’s structural digital infrastructure shift. Rising internet traffic, artificial intelligence (AI) adoption and policy support for data localisation are expected to drive capacity expansion, creating a multi-year opportunity for companies such as Netweb.