New-Age Tech Stocks Gain This Week Led By Ather & Zetwerk, CarTrade Sinks 22%
New-age tech stocks largely advanced this week, with quarterly earnings driving sharp moves in individual counters. Of the 69 stocks…
This week, new-age tech stocks experienced significant gains, largely driven by individual company earnings. Out of the 69 stocks monitored by Inc42, 40 increased their prices between 0.2% and 26.8%, while the rest declined up to 22.3%. Ather Energy emerged as the top gainer, reporting its first quarterly net profit and soaring 26.8% to reach ₹1,755.05.
Additionally, Zetwerk and Tonbo Imaging also reported positive earnings, with gains of 18% and 15.3% respectively. Other companies like Nykaa, Eternal, and Shadowfax also reached their 52-week highs. However, several stocks, including Swiggy, FirstCry, MapmyIndia, and LEAP India, experienced their lowest levels during the week. The combined market cap of the 69 stocks rose to $160.94 billion, a 5.7% increase from the previous week's $152.32 billion.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
