New-Age Tech Stocks: Kissht & MobiKwik Rally, Zappfresh Hits Record Low This Week
Investor sentiment towards new-age tech stocks remained divided this week, even as the broader Indian equity market continued to face…
This week, the Indian equity market experienced a decline, with 34 of the 64 tracked stocks falling between 0.18% and 13.43%. Among the new-age tech stocks, Zappfresh suffered the worst loss, plunging to a record low of ₹54.02 before closing at ₹55.06 - a 13.43% drop from the previous week. ESDS and Shiprocket also declined by around 10% and more than 6% respectively from their listing prices.
However, SEDEMAC, Kissht, and Lenskart experienced fresh highs this week. BlackBuck led the gainers chart, surging 7.69% to close at ₹632.35. New-age tech IPOs continued to gain momentum, with SEBI approving Kuku Technologies and Fibe to float their IPOs. RentoMojo's strong market debut and Moneyview's revised listing plans further bolstered the new-age tech sector.
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