🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

New-Age Tech Stocks End FY24 On A Subdued Note; DroneAcharya Emerges As The Biggest Loser

Inc42 · 1y ago

New-Age Tech Stocks End FY24 On A Subdued Note; DroneAcharya Emerges As The Biggest Loser

During the last trading week of FY24, the Indian stock market experienced some volatility but regained momentum overall. New-age tech stocks witnessed a decline, with 14 out of 19 stocks under Inc42's coverage falling between 0.8% and 9%. However, some stocks like Mamaearth, Zomato, MapmyIndia, CarTrade Technologies, and Paytm saw gains ranging from 0.06% to almost 9%. The benchmark indices Nifty50 and Sensex rose 1.04% and 1.13% respectively. The upcoming general elections will be a key driver of the stock market in the coming months.

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.

New-Age Tech Stocks Witness A Volatile Week; TAC Infosec Top Gainer

Inc42 · 1y ago

New-Age Tech Stocks Witness A Volatile Week; TAC Infosec Top Gainer

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.

Bloodbath In New-Age Tech Stocks As Broader Market Slumps; IndiaMART The Only Gainer This Week

Inc42 · 1y ago

Bloodbath In New-Age Tech Stocks As Broader Market Slumps; IndiaMART The Only Gainer This Week

Indian new-age tech stocks faced a major correction this week, with 18 out of 19 stocks experiencing declines. Yudiz Solutions was the biggest loser, falling 32.8%, followed by Fino Payments Bank and DroneAcharya Aerial Innovations. Paytm's shares continued to be volatile as it faced selling pressure due to developments following the Reserve Bank of India's crackdown on Paytm Payments Bank. Nazara Technologies announced plans to allocate $100 million for mergers and acquisitions, while DroneAcharya secured contracts with the Adani Group, Earthtree Enviro Pvt. Ltd., and the Indian Army.

New-Age Tech Stocks Rally; TAC Infosec Emerges As The Top Gainer For Second Straight Week

Inc42 · 1y ago

New-Age Tech Stocks Rally; TAC Infosec Emerges As The Top Gainer For Second Straight Week

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.

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.

Another Mixed Week For New-Age Tech Stocks — Paytm Spirals Downward, RateGain Top Gainer

Inc42 · 1y ago

Another Mixed Week For New-Age Tech Stocks — Paytm Spirals Downward, RateGain Top Gainer

It was a mixed week for new-age tech stocks in India, with 11 out of 19 stocks declining. Paytm once again was the biggest loser, with its market cap down 56% in a month. On a positive note, RateGain emerged as the biggest gainer, rallying sharply after announcing a partnership with HotelKey. Overall, the Indian market showed signs of recovery, with the Sensex and Nifty50 both approaching their all-time highs. Experts anticipate a pre-election rally in the market.

New-Age Tech Stocks Surge In The First Week Of FY25, Tracxn The Biggest Gainer

Inc42 · 1y ago

New-Age Tech Stocks Surge In The First Week Of FY25, Tracxn The Biggest Gainer

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.

New-Age Tech Stocks Regain Momentum; Zaggle Emerges As The Biggest Gainer This Week

Inc42 · 1y ago

New-Age Tech Stocks Regain Momentum; Zaggle Emerges As The Biggest Gainer This Week

Indian new-age tech stocks saw positive momentum this week, with 11 out of 19 stocks under Inc42's coverage gaining between 0.5% and over 24%. Zaggle emerged as the top gainer, while Mamaearth was the biggest loser. The broader market also rallied, with Sensex gaining 0.91% and Nifty50 gaining 0.7%. Paytm's stock continued to see volatility, while Zaggle's shares surged over 24% due to multiple partnership announcements. PB Fintech also rallied after receiving approval from the Insurance Regulatory and Development Authority of India to enter the reinsurance business.

New-Age Tech Stocks Lose Over $2.3 Bn In M-Cap In A Day Amid Decline In Broader Market

Inc42 · 10m ago

New-Age Tech Stocks Lose Over $2.3 Bn In M-Cap In A Day Amid Decline In Broader Market

- 22 out of the 28 stocks covered by Inc42 experienced a decline in today's session, with Ola Electric being the biggest loser. - Zaggle, a fintech SaaS startup, witnessed a significant 8.14% decrease in its share value, while Paytm and Awfis saw declines of over 6% each. - The 28 new-age tech stocks collectively lost $2.3 billion in market capitalization, bringing the total to $78.52 billion by the end of today's session.

New-age tech stocks see a muted week as broader market slumps; CarTrade emerges biggest gainer

Inc42 · 1y ago

New-age tech stocks see a muted week as broader market slumps; CarTrade emerges biggest gainer

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.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.