Key Events This Week
5 Jan: Intraday high surge of 9.42% to ₹3,340.25
5 Jan: High-value trading with ₹536.33 crores turnover
6 Jan: Continued robust trading amid Mojo Grade upgrade
9 Jan: Strong technical momentum with bullish trend shift
5 January: Intraday Surge and High-Value Trading Signal Strong Rebound
Netweb Technologies began the week with a remarkable intraday rally on 5 January 2026, surging 9.42% to an intraday high of ₹3,340.25. The stock closed at ₹3,276.80, up ₹217.90 or 7.12%, sharply outperforming the Sensex which declined 0.18% to 37,730.95. This rebound followed two prior days of decline, signalling a reversal in short-term momentum.
Trading volumes were exceptionally strong, with 16,64,091 shares exchanging hands, generating a turnover of ₹536.33 crores. Institutional interest was evident as delivery volumes surged by 94.22% compared to the five-day average, indicating genuine accumulation rather than speculative trading. The stock traded above its 5-day, 20-day, 100-day, and 200-day moving averages, though it remained below the 50-day average, suggesting some resistance ahead.
6 January: Sustained Momentum Amid Mojo Grade Upgrade
The positive momentum continued on 6 January, with Netweb Technologies closing at ₹3,346.80, up ₹70.00 or 2.14%. The stock outperformed the Sensex again, which fell 0.19% to 37,657.70. Trading volumes remained robust at 7,09,629 shares, with a traded value of ₹234.39 crores. The stock opened at ₹3,289.00 and reached a day high of ₹3,367.80, closing near this peak.
The recent upgrade in Mojo Grade from Hold to Buy, announced on 22 December 2025, appeared to bolster investor confidence. Delivery volumes soared by 969.16% over the five-day average, underscoring strong institutional participation. Technical indicators remained positive, with the stock trading above key moving averages except the 50-day, which continued to act as a resistance level.
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7 and 8 January: Gradual Gains Amid Mixed Market Conditions
On 7 January, the stock edged higher by 0.64% to close at ₹3,368.35, while the Sensex gained a marginal 0.03%. The following day, 8 January, Netweb Technologies advanced 0.83% to ₹3,396.15, despite a sharp 1.41% decline in the Sensex to 37,137.33. These gains reflected steady buying interest, albeit on declining volumes of 1,39,688 and 1,08,993 shares respectively.
The stock maintained its position above the 5-day, 20-day, 100-day, and 200-day moving averages, reinforcing the positive technical outlook. However, the broader market weakness on 8 January highlighted the stock’s relative strength within a challenging environment.
9 January: Technical Momentum Strengthens Despite Profit Booking
The week concluded with a modest pullback on 9 January, as Netweb Technologies closed at ₹3,313.00, down ₹83.15 or 2.45%. The Sensex also declined 0.89% to 36,807.62. Despite the dip, technical indicators signalled a bullish shift, with the stock’s daily moving averages firmly positive and Bollinger Bands indicating strong upward momentum.
MACD and KST indicators presented mixed signals, with weekly readings mildly bearish but monthly trends remaining stable or bullish. The On-Balance Volume (OBV) was positive on both weekly and monthly charts, suggesting sustained institutional buying. The stock’s 52-week range of ₹1,278.85 to ₹4,480.00 and recent price action near ₹3,406.20 reflect a strong recovery trajectory.
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Daily Price Comparison: Netweb Technologies vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.3,276.80 | +7.12% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.3,346.80 | +2.14% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.3,368.35 | +0.64% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.3,396.15 | +0.83% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.3,313.00 | -2.45% | 36,807.62 | -0.89% |
Key Takeaways
Strong Outperformance: Netweb Technologies gained 8.31% over the week, vastly outperforming the Sensex’s 2.62% decline, highlighting the stock’s resilience amid broader market weakness.
Robust Institutional Interest: Delivery volumes surged dramatically, particularly on 5 and 6 January, signalling genuine accumulation by institutional investors and underpinning the price rally.
Technical Momentum Building: The stock’s trading above multiple moving averages and bullish Bollinger Bands indicate strengthening momentum, despite some resistance near the 50-day moving average and mixed MACD/KST signals.
High-Value Trading Activity: Exceptional turnover exceeding ₹500 crores on 5 January and sustained high volumes on 6 January reflect strong liquidity and market participation.
Conclusion
Netweb Technologies India Ltd demonstrated a compelling weekly performance marked by a significant price rally, strong institutional participation, and improving technical indicators. The stock’s ability to outperform the Sensex by over 10 percentage points amid a declining market underscores its relative strength and renewed investor confidence following the Mojo Grade upgrade to Buy. While the slight correction on the final trading day and some mixed technical signals suggest caution, the overall trend remains positive. Investors and market participants should monitor key resistance levels, particularly the 50-day moving average, alongside volume trends to gauge the sustainability of this momentum in the coming weeks.
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