Only four of the 22 new-age tech stocks under Inc42’s coverage gained this week in a range of 0.15% to about 9%. Zaggle emerged as the top gainer with shares rallying 8.
8% The shares of 18 tech stocks slipped, in a range of 0.7% to 18.5% during the week.
TAC Infosec turned out to be the biggest loser with shares falling 18.54% on the NSE Benchmark indices Sensex and Nifty50 increased 1.8% and 2.
1%, respectively. While Sensex ended the week at 75,410.39, Nifty50 ended at 22,957.
1 Indian new-age tech stocks witnessed a southbound movement this week amid less than impressive financial performances of some listed companies in Q4 FY24. Only four of the 22 new-age tech stocks under Inc42’s coverage gained this week in a range of 0.15% to about 9%.
Zaggle emerged as the top gainer with shares rallying 8.8% this week on the back of an impressive financial performance in the last quarter of FY24. The fintech SaaS startup posted a more than 153% jump in its profit after tax (PAT) to INR 19.
2 Cr in Q4. The other three gainers this week were Mamaearth, Fino Payments Bank, and ideaForge. The shares of 18 tech stocks slipped, in a range of 0.
7% to 18.5% during the week. The names included last week’s top gainer PB fintech, Paytm, Nykaa, and TAC Infosec.
TAC Infosec turned out to be the biggest loser with shares falling 18.54% on the NSE. Paytm and Nykaa also reported their respective Q4 performances this week.
Amid the bearish market sentiment, insurance tech unicorn Go Digit also ma.
