Eighteen out of the 23 new-age tech stocks under Inc42’s coverage gained this week in a range of 0.1% to over 27% with TAC Infosec emerging as the top gainer Following a major block deal, Mamaearth became the biggest loser this week; shares fell 2.2% Benchmark indices Sensex and Nifty50 gained 0.
39% and 0.75%, respectively. While Sensex ended the week at an all-time high close at 76,992.
77, Nifty50 too ended at a record close at 23,465.60 Riding on the back of the bull run in the broader market sentiment, Indian new-age tech stocks witnessed significant northbound momentum this week. Eighteen out of the 23 new-age tech stocks under Inc42’s coverage gained this week in a range of 0.
1% to over 27%. TAC Infosec emerged as the top gainer, followed by Yudiz. Both the NSE Emerge-listed stocks rallied over 27% during the week.
Among the other gainers were ideaForge (up 13.2%), Paytm (up 11.5%), DroneAcharya (up 11.
1%), Awfis (up 8.4%), Nazara, and PB Fintech (both up over 6%). Meanwhile, following a major block deal, Mamaearth became the biggest loser this week.
Its shares fell 2.2%. Despite its shares touching an all-time high mid-week following strong FY24 earnings, newly-listed Go Digit also fell 0.
3% this week. The insurance tech platform posted over a 400% jump in profit after tax (PAT) to INR 182 Cr FY24 from INR 36 Cr in the previous fiscal year. The other losers of the week were Tracxn, CarTrade, and MapmyIndia.
In the broader market, benchmark indices Sensex and Nifty50.