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New Age Tech Stocks Rebound After ‘Black Tuesday’ In The Stock Market

Inc42 · 1y ago

New Age Tech Stocks Rebound After ‘Black Tuesday’ In The Stock Market

On Tuesday, Mamaearth experienced a significant gain of 9.19% and emerged as the top gainer. Conversely, gaming company Nazara witnessed a decline of 14.1%. Overall, investors in new-age tech stocks collectively lost over $2 billion in a single day.

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New-age tech stocks suffer as stock markets slump

Inshorts · 1y ago

New-age tech stocks suffer as stock markets slump

Reversing Monday's gains for many listed tech companies, most of the Indian new-age tech stocks nosedived on Tuesday (June 4) on the back of the Indian stock market crash by around 4,000 points impacted by the early trends of the 2024 Lok Sabha Election results. The current vote counts indicate a significant gap from the exit poll predictions.

Mixed Week For New-Age Tech Stocks Amid Dip In Broader Market, Zaggle Emerges Biggest Gainer

Inc42 · 1y ago

Mixed Week For New-Age Tech Stocks Amid Dip In Broader Market, Zaggle Emerges Biggest Gainer

This article discusses the performance of new-age tech stocks in India during a mixed week in the stock market. Among 19 stocks covered, 8 gained in the range of 0.6% to over 18%, with Zaggle being the biggest winner after reporting strong financial results. Meanwhile, 11 stocks declined, with Paytm facing regulatory issues and Nykaa's Q3 results missing estimates. Overall, the market experienced volatility, and experts predict a cautious and consolidating market in the near term.

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.

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.

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.

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.

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.

How did Paytm, Zomato & other startup stocks react amid market crash?

Inshorts · 1y ago

How did Paytm, Zomato & other startup stocks react amid market crash?

Shares of listed new-age tech companies declined up to 17% as stock market crashed amid counting of votes on Tuesday. Paytm hit a lower circuit of 5%, while Zomato and Mamaearth parent Honasa Consumer fell 16% and 17%, respectively. Shares of Delhivery and Nykaa fell by over 8% each and PB Fintech fell by 6%.

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.

Weakening markets signal final call for startup listings

Economic Times

Economic Times · 4m ago

Weakening markets signal final call for startup listings

The stock market slump is a warning for new-age companies planning initial public offerings (IPOs) in 2023. Despite strong financials, there is concern the IPO window may soon close as market sentiment weakens. Over 20 startups, including Zepto and Groww, aim to go public. However, recent market corrections have hit new-age stocks, pushing firms to reassess valuations. Many aim to list by September-October, considering the evolving market landscape.

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