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News on Medial
New-Age Tech Stocks Slump In Line With The Broader Market, CarTrade Biggest Gainer This Week
Inc42
·
1y ago
Medial
Indian new-age tech stocks experienced a downturn this week due to concerns about the outcome of the 2024 general elections. Out of the 20 new-age tech stocks, 17 fell between 0.8% and 9% on the BSE, with MapmyIndia experiencing the largest drop. However, CarTrade saw a surge in shares by 24.5% following strong quarterly results. The broader market also slumped, with benchmark indices Sensex and Nifty50 dropping 1.64% and 1.87%, respectively. The market is expected to continue its volatility in the short term due to election-related uncertainties.
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New-Age Tech Stocks Witness A Volatile Week; TAC Infosec Top Gainer
Inc42
·
1y ago
Medial
Indian new-age tech stocks witnessed mixed performance this week as the broader market remained volatile amid global political tension and foreign institutional investors continued to sell domestic shares. Eight out of the 20 new-age tech stocks covered by Inc42 increased in value, with TAC Infosec being the biggest gainer for the third consecutive week, while DroneAcharya was the biggest loser. The Sensex and Nifty50 indices gained 0.2% and 0.25% respectively. Market experts expect the market to consolidate in a broader range with geopolitical headlines likely to influence trading.
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New-Age Tech Stocks Shine In A Bearish Market, CarTrade Biggest Gainer This Week
Inc42
·
25d ago
Medial
New-age tech stocks in India showed resilience despite a bearish wider market this week. Most stocks within Inc42’s coverage ended positively, with shares of 22 companies gaining between 0.02% and 12%. CarTrade emerged as the biggest gainer, rising 11.74% driven by favorable brokerage reports, ending at INR 1,898.35. The Indian equity market faced a decline due to uncertain US tariffs and a weak start to the Q1 earnings season.
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New-Age Tech Stocks Rally; TAC Infosec Emerges As The Top Gainer For Second Straight Week
Inc42
·
1y ago
Medial
Indian new-age tech stocks experienced a surge this week, driven by a rally in the broader market. TAC Infosec emerged as the biggest gainer, with its stock jumping 55%. Other top gainers included Zaggle, Mamaearth, RateGain, and EaseMyTrip. Some stocks, such as DroneAcharya and Zomato, saw marginal declines. The Sensex and Nifty50 indices gained 0.88% and 1.23% respectively, but ended the week with a slight correction. The fluctuating market was influenced by global factors and ongoing Middle East tensions. The total market capitalization of new-age tech stocks increased to $49.17 billion from $47.67 billion in the previous week.
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New-Age Tech Stocks Come Under Selling Pressure; Fino Payments Only Gainer This Week
Inc42
·
1y ago
Medial
Despite a range-bound movement, benchmark indices closed at record highs while new-age tech stocks witnessed a decline. Yudiz, DroneAcharya, and Nazara Technologies were among the biggest losers, while Fino Payments Bank was the only gainer. The slump in IT stocks contributed to the overall weakness in the market. Other factors impacting the market included expectations of a rate cut by the Fed, declining bond yields, and uncertainties in the global market. Paytm faced regulatory hurdles but remained optimistic about a strong comeback. Antfin Singapore offloaded shares of Zomato, while CarTrade Tech's pre-IPO shareholder March Capital sold shares.
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New-Age Tech Stocks Slump This Week As Broader Market Faces Selling Pressure; TAC Top Gainer
Inc42
·
1y ago
Medial
Indian new-age tech stocks faced selling pressure this week, with 16 out of the 20 stocks declining. The broader market also saw a slump, influenced by tensions in the Middle East and weak Q4 FY24 performance of IT companies. TAC Infosec emerged as the top gainer with a 14% rally. Paytm experienced selling pressure and declined 3.6%, while Zomato received a GST notice of INR 11.8 Cr. DroneAcharya signed an agreement for procuring 200 training drones. Overall, the market's performance next week will depend on global cues and the Q4 performance of major companies.
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Paytm Emerges As The Biggest Gainer In Another Mixed Week For New-Age Tech Stocks
Inc42
·
1y ago
Medial
The Indian new-age tech stocks experienced mixed performance this week. Paytm emerged as the top gainer, with its shares surging 19.4% after a series of losses due to regulatory actions. On the other hand, RateGain recorded the biggest decline, with shares falling 7.7%. Overall, the combined market capitalization of these stocks reached almost $45 billion by the end of the week. The broader market showed a positive trend, with Sensex rallying 0.99% and Nifty50 jumping 0.8%. However, concerns remain over rising crude oil prices, surging US bond yields, and stretched valuations.
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Mixed Week For New-Age Tech Stocks Amid Bloodbath In Broader Market, Menhood Top Gainer This Week
Inc42
·
10m ago
Medial
- CarTrade saw the highest losses among new age tech stocks, ranging from 0.88% to over 7%. - Menhood, a D2C brand, emerged as the top gainer this week among other startups, with gains ranging from 0.15% to nearly 13%. - The Indian market experienced a significant decline this week, with the Sensex falling by 4.5% to close at 81,688.45 and the Nifty50 decreasing by 4.4% to end at 25,014.60.
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New-age tech stocks see a muted week as broader market slumps; CarTrade emerges biggest gainer
Inc42
·
1y ago
Medial
During the week, the Sensex and Nifty50 both declined over 1% each, while the Indian new-age tech stocks also saw a slump. Drone startup ideaForge was the biggest loser, with its shares dropping by 6.6%. However, Zomato, PB Fintech, Delhivery, RateGain, EaseMyTrip, Fino Payments Bank, Mamaearth, and CarTrade Technologies were among the gainers. The upcoming week is expected to be significant, with heavyweights releasing their Q3 earnings and the Union Budget and US Fed policy announcements taking place.
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New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week
Inc42
·
1y ago
Medial
Indian new-age tech stocks experienced a mixed performance this week, with some stocks declining while others registered gains. Among the losers were Yudiz, PB Fintech, Nazara Technologies, Delhivery, Paytm, and RateGain. On the other hand, DroneAcharya emerged as the biggest gainer, followed by Nykaa, Zomato, ideaForge, and EaseMyTrip. The broader market saw a positive trend, with benchmark index Nifty 50 gaining 1.88% and Sensex rallying 1.86%. Paytm shares fell 2.3%, while Zomato continued its rally, touching another 52-week high. DroneAcharya gained 14.5% after launching the BHUJANG drone.
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New-Age Tech Stocks Surge In The First Week Of FY25, Tracxn The Biggest Gainer
Inc42
·
1y ago
Medial
In the first week of FY25, Indian new-age tech stocks performed well with 16 out of 19 stocks seeing gains. DroneAcharya, PB Fintech, CarTrade Technologies, EaseMyTrip, Zomato, and Paytm were among the biggest gainers. However, Nazara Technologies, RateGain, and IndiaMART experienced declines. The broader market, represented by Nifty50 and Sensex, also saw gains. Volatility was attributed to factors such as US bond yields, crude oil prices, and geopolitical tensions. Market focus is expected to shift to Q4 earnings season next week. Zomato's shares reached an all-time high, while PB Fintech closed at a 28-month high. IndiaMART emerged as the biggest loser.
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