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The stock traded at a P/E multiple of 35.96, while the price-to-book value ratio stood at 0.0.

On the technical charts, the RSI of the stock stood at 57.22.

​But more importantly, now the bottom line performance would match up to the lending institutions, which have been in existence for 10-15 years. So hopefully we should be very close to that kind of bottom line performance in our first three year of full operational run.

StockEdge identified 29 overbought stocks with a bearish RSI trend, out of which 10 were handpicked by ETMarkets. RSI values above 70 are deemed overbought and below 30 oversold. The Relative Strength Indicator assesses momentum and potential overbought or oversold conditions based on the calculation of average gains and losses

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 22.85 per cent and domestic institutional investors had 14.96 per cent.

The initial public offering (IPO) of Netweb Technologies has been subscribed 23.65 times on Day 3, with demand from qualified institutional buyers picking up pace, while the category reserved for retail investors was subscribed 13.91 times. The IPO comprises fresh equity of INR206 crore and an offer for sale of 8.5 million equity shares.

A total of 126,219 shares changed hands on the counter till 02:14PM (IST).

The Relative Strength Index of the stock stood at 44.74 on Wednesday.

The stock traded at a P/E multiple of 63.56, while the price-to-book value ratio stood at 16.84.

A total of 298,772 shares changed hands on the counter till 01:17PM (IST).