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Zomato and PB Fintech (Policy Bazar) stocks hit 52-week highs
Economic Times
·
2y ago
Medial
Shares of Zomato, the leading food delivery platform, and PB Fintech, the parent company of Policybazaar, have reached their 52-week highs. This surge in stock prices reflects the positive market sentiment and investor confidence in the growth potential of these startups. The milestones achieved by Zomato and PB Fintech underscore their strong market presence and investor appeal in the startup ecosystem.
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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 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 Surge As Markets Rally On Exit Polls’ Forecasts
Inc42
·
1y ago
Medial
On Monday, 14 out of 23 tech stocks saw gains ranging from 0.7% to 13%, with Nazara being the top performer. Other gainers included Awfis, TBO Tek, Go Digit, Paytm, and Mamaearth. Zomato, TAC Infosec, and PB Fintech were among the losers. The Sensex and Nifty50 also reached all-time highs due to predictions of a third term for Prime Minister Narendra Modi.
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Sensex falls! But these stocks gained over 10% on BSE
Economic Times
·
1m ago
Medial
The domestic equity indices, BSE Sensex and NSE Nifty, closed lower on Thursday, with the Sensex dropping 823.16 points and Nifty down by 253.21 points. Despite the decline, several stocks gained over 10% on the BSE, including Lancor Holdings, GTL Infra, and Bhaskar Agro. Some stocks reached 52-week highs, such as Subros and Oriental Trimex, while others like Softsol India recorded 52-week lows.
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Awfis, Zomato Touch All-Time High Mark Amid A Mixed Week For New-Age Tech Stocks
Inc42
·
1y ago
Medial
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.
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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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PB Fintech shares touch all time high
Inc42
·
1y ago
Medial
Shares of PB Fintech surged 10.6% to touch a record high at ₹1,544.15 during the intraday trading on the BSE on Monday (July 1). The shares of the parent entity of insurtech major PolicyBazaar have been on an uptrend since last week. On June 27, PB Fintech shares touched a 52-week high at ₹1,415 on the BSE.
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Mutual funds ramp up stakes in new-age companies by 2-3X as PE/VCs head out
Money Control
·
2y ago
Medial
Improvement in profitability and funding winter attract mutual funds to firms like Paytm, Zomato, Nykaa, PB Fintech, Delhivery. Experts say MFs might look to ramp up holdings further in these new-age stocks
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ICICI Bank, JSW Steel, Kotak Bank, Welspun Corp among stock that hit 52-week high today
Business Today
·
4m ago
Medial
Several companies, including ICICI Bank, JSW Steel, Kotak Bank, and Welspun Corp, hit 52-week highs today alongside AstraZeneca Pharma, Shree Cements, and others. The stock market saw significant gains, with the Sensex rising over 1,200 points (1.56%) to reach 78,107.23 and the Nifty50 increasing by nearly 360 points (1.3%) to 23,708.75, indicating robust market performance and investor confidence.
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Budget 2024-25: New-Age Tech Stocks See Mixed Performance, Travel Tech Stocks Gain
Inc42
·
1y ago
Medial
MapmyIndia saw significant gains, jumping 8.55% on the BSE. Other notable stocks in the travel tech sector, including EaseMyTrip, RateGain, and Yatra, also experienced positive momentum with increases ranging from 3.17% to 5.42%. Yudiz was the biggest loser, while Zomato, ideaForge, Fino Payments Bank, and PB Fintech also saw declines.
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