{
  "id": 16363616,
  "title": "New-Age Tech Stocks Tumble This Week, Swiggy Leads Sell-Off With 24.5% Fall",
  "url": "https://urgent.news/2026/10/24/new-age-tech-stocks-tumble-this-week-swiggy-leads-sell-off-with-24-5",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T18:49:58.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/new-age-tech-stocks-tumble-this-week-swiggy-leads-sell-off-with-24-5-fall/"
  },
  "original_language": "en",
  "account": "This week, new-age tech stocks saw a combined market capitalization drop of over $11 billion, as Swiggy led the sell-off amid broader weakness in the Indian equity market. Out of the 67 stocks analyzed by Inc42 prior to this week, 63 experienced declines ranging from 1.03% to 24.5%, with only Yudiz, Capillary, ixigo, and Tracxn posting gains. Swiggy suffered the largest loss, falling 24.5% to close at ₹176.70 following disappointing Q2 FY27 results that highlighted mounting losses at its Instamart quick commerce arm. The stock reached an all-time low during intraday trading. Additionally, 12 other companies, including Yatra, Turtlemint, FirstCry, Unicommerce, and IndiaMART InterMESH, hit new 52-week lows during the shortened holiday week. The selling spilled over to Eternal, Ola Electric, Paytm, and Lenskart, causing the combined market capitalization of these 67 companies to fall to $149.2 billion. Meanwhile, new public offerings Zetwerk and Tonbo Imaging faced pressure after listing, closing 13.02% and 2.44% below their BSE listing prices, respectively.",
  "summary": "New-age tech stocks lost over $11 Bn in combined market capitalisation this week, with Swiggy leading a broad sell-off amid…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}