Bank of America has started coverage on Netweb Technologies, issuing a Buy rating and setting a price target of Rs 5,000. According to the reports, the firm describes Netweb Technologies as a leading beneficiary of India’s AI infrastructure buildout. The coverage positions the company outside the typical “IT giant” category, implying that the investment case is tied to demand associated with deploying and expanding AI-related infrastructure rather than large, established software or services firms. The articles do not provide additional financial details, specific project wins, or quantitative metrics beyond the rating and target. The focus is on BofA’s view of Netweb Technologies’ role in the broader AI infrastructure expansion in India, suggesting expected upside if spending on AI infrastructure continues to grow. Overall, the sources agree on the initiation of coverage, the Buy recommendation, and the stated Rs 5,000 target tied to the company’s potential to benefit from AI infrastructure development.