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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.

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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.

New-Age Tech Stocks Slump This Week As Broader Market Faces Selling Pressure; TAC Top Gainer

Inc42 · 1y ago

New-Age Tech Stocks Slump This Week As Broader Market Faces Selling Pressure; TAC Top Gainer

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.

New-Age Tech Stocks Tank Ahead Of Union Budget, Awfis Biggest Gainer This Week

Inc42 · 1y ago

New-Age Tech Stocks Tank Ahead Of Union Budget, Awfis Biggest Gainer This Week

This week, the majority of the new-age tech stocks experienced a decline, with TAC Infosec being the biggest loser. However, coworking startup Awfis saw a 4.25% increase, making it the top gainer. Investors are now eagerly awaiting the Union Budget, as it is expected to have a significant impact on the market in the coming weeks.

Mixed Week For New-Age Tech Stocks Amid Market Volatility, Zomato Emerges As Biggest Loser

Inc42 · 10m ago

Mixed Week For New-Age Tech Stocks Amid Market Volatility, Zomato Emerges As Biggest Loser

During the week, TAC Infosec emerged as the top gainer among the 28 stocks covered by Inc42, with its shares rallying nearly 16%. Conversely, Zomato experienced a decline of more than 7%. The benchmark indices, Sensex and Nifty, dropped by 0.19% and 0.44% respectively, attributed to geopolitical uncertainties and the absence of strong domestic cues.

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.

TBO Tek Emerges The Top Gainer In A Mixed Week For New-Age Tech Stocks

Inc42 · 1y ago

TBO Tek Emerges The Top Gainer In A Mixed Week For New-Age Tech Stocks

Indian new-age tech stocks had a mixed week, with some facing downward pressure due to block deals. However, the broader market continued to rally. TBO Tek emerged as the top gainer after Goldman Sachs initiated coverage with a 'buy' rating. Analysts expect the positive momentum to continue, driven by fundamentally strong large caps. The market is in the overbought zone, though, and corrections are possible. Overall, 10 out of the 24 new-age tech stocks under coverage saw gains ranging from 0.03% to nearly 20% on the BSE.

New-Age Tech Stocks Rally On Bull Run In Broader Market; Mamaearth Biggest Loser This Week

Inc42 · 1y ago

New-Age Tech Stocks Rally On Bull Run In Broader Market; Mamaearth Biggest Loser This Week

Indian new-age tech stocks experienced a surge this week, driven by positive market sentiment. Investors are optimistic about the easing cycle as the country anticipates a normal monsoon. Industrial production data from India, China, and Eurozone inflation will be closely watched to gain insights into the economic outlook. In the run-up to the Budget, market volatility may increase. Paytm shares gained, but there is no clear trend currently. Nykaa shares have been range-bound, with an immediate support level at INR 167. Top gainers among new-age tech stocks include TAC Infosec and Yudiz.

New-Age Tech Stocks Witness A Mixed Week, Unicommerce Biggest Loser With A 10% Fall

Inc42 · 11m ago

New-Age Tech Stocks Witness A Mixed Week, Unicommerce Biggest Loser With A 10% Fall

In the week's tech stock updates, Unicommerce was the biggest loser, while TAC Infosec emerged as the biggest gainer with a 10.6% rally. Other gainers included CarTrade, Mamaearth, Nykaa, Zomato, Awfis, and TBO Tek. However, the overall market saw a decline, with Sensex falling by 1.43% and Nifty 50 declining by 1.52% due to global volatility.

New-Age Tech Stocks Bleed Amid Broader Market Slump, Delhivery Biggest Loser

Inc42 · 8m ago

New-Age Tech Stocks Bleed Amid Broader Market Slump, Delhivery Biggest Loser

In the week of December 16-20, 18 out of 30 new-age tech stocks monitored by Inc42 experienced a decline in their value, ranging from 0.05% to over 10%. The broader market also saw a decline, with the Sensex falling 4.98% and the Nifty 50 slumping 4.76%. However, there were some stocks, including BlackBuck, Swiggy, Cartrade, and TAC Infosec, that ended the week with gains ranging from 0.04% to just under 19%.

Paytm Emerges As The Biggest Gainer In Another Mixed Week For New-Age Tech Stocks

Inc42 · 1y ago

Paytm Emerges As The Biggest Gainer In Another Mixed Week For New-Age Tech Stocks

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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