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ixigo Brushes Past Other New-Age Tech Stocks With 25% Gains In First Four Sessions

Inc42 · 1y ago

ixigo Brushes Past Other New-Age Tech Stocks With 25% Gains In First Four Sessions

Shares of ixigo, a leading Indian travel platform, experienced a strong market debut as it listed at INR 135 on the Bombay Stock Exchange (BSE). By the end of the week, the company's shares had increased to INR 169.18, marking a gain of 25.3% in just four trading sessions. This resulted in ixigo's market capitalization rising to INR 6,554.43 crore ($784.4 million) from INR 6,275.87 crore ($752.2 million) at the end of the listing day.

Related News

New-Age Tech Stocks Continue Their Bull Run; MapmyIndia Biggest Gainer This Week

Inc42 · 1y ago

New-Age Tech Stocks Continue Their Bull Run; MapmyIndia Biggest Gainer This Week

Fifteen out of the 23 new-age tech stocks covered by Inc42 saw gains this week, with MapmyIndia being the top gainer. DroneAcharya Aerial Innovations was the biggest loser. In other news, online travel aggregator ixigo went public and experienced a 25% increase in its stock in four sessions.

Awfis, Zomato Touch All-Time High Mark Amid A Mixed Week For New-Age Tech Stocks

Inc42 · 1y ago

Awfis, Zomato Touch All-Time High Mark Amid A Mixed Week For New-Age Tech Stocks

Awfis saw a significant surge in its shares this week, gaining over 12%. Meanwhile, several new-age tech stocks, including Paytm, Zomato, Nykaa, PB Fintech, and ixigo, also experienced positive gains. On the other hand, Yudiz was the biggest loser this week, with Honasa (parent company of Mamaearth), MapmyIndia, Go Digit, and TBO Tek also experiencing losses.

New-Age Tech Stocks Gain This Week On Broader Market Rally, Mamaearth Biggest Gainer

Inc42 · 1y ago

New-Age Tech Stocks Gain This Week On Broader Market Rally, Mamaearth Biggest Gainer

Indian new-age tech stocks experienced a significant rally this week, driven by positive domestic and global factors. Investor expectations for better earnings results, along with positive economic indicators and reduced global inflation, have contributed to the upward momentum. Among the stocks, ixigo and Paytm have shown stability and potential for long-term growth. However, conservative investors are advised to wait for market dips, while risk-taking investors may consider holding on to certain stocks. Overall, 21 out of the 24 tech stocks covered by Inc42 witnessed gains ranging from 0.4% to over 11% on the BSE.

New-Age Tech Stocks Gain As Broader Market Zooms Following Trump’s Victory

Inc42 · 8m ago

New-Age Tech Stocks Gain As Broader Market Zooms Following Trump’s Victory

Today, most of the new-age tech stocks saw gains in the market, with 25 out of 28 stocks experiencing increases ranging from 0.21% to over 7%. ideaForge and CarTrade were the biggest winners, with gains of 7.55% and 5.91% respectively. This positive trend was in line with the overall market rally, as the Sensex and Nifty indices both recorded gains of over 1% due to the US presidential election results favoring Donald Trump.

New-Age Tech Stocks Jump On Rally In Broader Market; Menhood, Zaggle Among Biggest Gainers

Inc42 · 11m ago

New-Age Tech Stocks Jump On Rally In Broader Market; Menhood, Zaggle Among Biggest Gainers

Twenty-one out of the 25 new-age tech stocks under Inc42's coverage recorded gains in Wednesday's trade, ranging from 0.16% to 8.85%. The biggest gainer was Menhood, whose shares surged by almost 9%, followed by Zaggle with a jump of nearly 8%. On the other hand, Yudiz was the biggest loser, with its shares ending the day 3% lower at INR 56.85 on the NSE.

Robust growth ignites rally in new-age stocks, 45% gains made in 6 months

Economic Times

Economic Times · 11m ago

Robust growth ignites rally in new-age stocks, 45% gains made in 6 months

New-age stocks have experienced a strong revival, driven by revenue growth and improved profitability. Increased investments from overseas funds and demand for recent public offerings have contributed to the rally. Analysts believe these stocks could continue to perform well if they maintain their growth momentum. The ET E-commerce Index, consisting of 13 new-age companies, has outperformed other indices, such as the Nifty Index and Nifty IT Index. Stocks like Zomato, PB Fintech, Paytm, Nykaa, and CarTrade Tech have seen significant gains in the past six months. Improved capital allocation and efficient fund usage have also played a role in their success. However, these stocks are considered high-risk investments.

New-Age Tech Stocks Slump This Week But Zaggle Emerges As The Biggest Gainer

Inc42 · 1y ago

New-Age Tech Stocks Slump This Week But Zaggle Emerges As The Biggest Gainer

Indian new-age tech stocks struggled this week, with only four out of 22 stocks under Inc42's coverage experiencing gains. Zaggle emerged as the top gainer with an 8.8% rally in shares. However, 18 tech stocks saw a decline, ranging from 0.7% to 18.5%. TAC Infosec experienced the largest loss with shares falling 18.54%. Benchmark indices Sensex and Nifty50 increased by 1.8% and 2.1% respectively, ending the week at 75,410.39 and 22,957.1. The bearish market sentiment was influenced by disappointing financial performances and the underwhelming debut of Go Digit, an insurance tech unicorn.

Bloodbath In New-Age Tech Stocks Despite Broader Market Rally, EaseMyTrip Biggest Loser This Week

Inc42 · 9m ago

Bloodbath In New-Age Tech Stocks Despite Broader Market Rally, EaseMyTrip Biggest Loser This Week

This week, EaseMyTrip experienced a significant decline as its stock dropped by 16.27% after its CEO sold a large number of shares. On the other hand, TBO Tek emerged as the top gainer, while several other tech stocks including Go Digit, ixigo, Paytm, MapmyIndia, and Nykaa finished the week with gains. The broader market also performed well, with Sensex ending the week 1.2% higher and Nifty50 gaining 1.5%, driven by the Federal Reserve's rate cuts and positive economic data.

New Age Tech Stocks Tank In Line With Broader Market; Menhood Biggest Loser

Inc42 · 8m ago

New Age Tech Stocks Tank In Line With Broader Market; Menhood Biggest Loser

21 out of 28 new age tech stocks covered by Inc42 experienced a decline in their value, ranging from 0.66% to just under 6%. Notably, Menhood, listed on NSE Emerge, saw the largest drop, with its shares falling by 5.88% to INR 128. On the other hand, seven startups in the same sector observed gains, ranging from 0.53% to just over 4%.

Paytm emerges as the biggest loser amid a lacklustre week for new-age tech stocks

Inc42 · 1y ago

Paytm emerges as the biggest loser amid a lacklustre week for new-age tech stocks

Shares of Paytm, the fintech giant, slumped over 25% this week after announcing plans to scale back its Postpaid loan business. Other new-age tech stocks also witnessed selling pressure, with eleven out of nineteen stocks declining between 0.2% and over 25%. Tracxn Technologies was the biggest gainer, rising 3.3%, while Paytm became the biggest loser. The Indian stock market reached all-time highs, driven by the BJP's victory in assembly elections and the RBI's upward revision of GDP growth estimates.

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