{
  "id": 18753070,
  "title": "New-Age Tech Stocks Extend Rally, CarTrade Leads With 23.3% Gain",
  "url": "https://urgent.news/2026/11/07/new-age-tech-stocks-extend-rally-cartrade-leads-with-23-3-gain",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T16:01:36.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/new-age-tech-stocks-extend-rally-cartrade-leads-with-23-3-gain/"
  },
  "original_language": "en",
  "account": "This week, new-age tech stocks continued their upward trend, with 54 out of 69 companies covered by Inc42 reporting gains between 0.4% and 23.3%. CarTrade emerged as the biggest gain leader, rebounding 23.3% after a sharp decline the previous week, closing at ₹2,699.30. Awfis also saw a significant rise of 20.4% to ₹281.65, while ixigo saw an 19.1% increase. Notably, Tonbo Imaging and Zetwerk reached new highs during the week. Additionally, several stocks reached 52-week highs, including Lenskart, Ather Energy, Eternal, and Nykaa. This surge in gains lifted the combined market capitalization of the 69 companies to $169.3 billion from $160.9 billion the previous week, marking a 5.2% increase.\n\nOn the downside, RateGain experienced the steepest decline, falling by 9.19% to close at ₹725.90. Among other developments, Kissht's assets under management (AUM) crossed the ₹10,000 crore mark, thanks to growth in personal loans and its expansion into property loans. MobiKwik received an RBI license to operate as a Non-Banking Financial Company (NBFC), aiming to start operations within three to six months and disburse ₹5,000 crore in consumer and MSME loans over a period of three to four years. Pine Labs partnered with Stripe to offer a unified platform for online and in-store payments to Singapore retailers, with plans to expand to other Southeast Asian markets in 2027.",
  "summary": "New-age tech stocks extended their rally this week, with 54 of the 69 companies under Inc42’s coverage posting gains ranging…",
  "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."
}