{
  "id": 19585,
  "title": "Shadowfax Leads New-Age Tech Stocks This Week, Pine Labs Slides On Q1 Earnings",
  "url": "https://urgent.news/2026/08/01/shadowfax-leads-new-age-tech-stocks-this-week-pine-labs-slides-on-q1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-01T12:59:26.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/shadowfax-leads-new-age-tech-stocks-this-week-pine-labs-slides-on-q1-earnings/"
  },
  "original_language": "en",
  "account": "Shadowfax emerged as the top gainers among new-age tech companies this week, following its robust performance in the first quarter. Meanwhile, fintech firm Pine Labs experienced a decline after reporting a sequential drop in profit, despite revenue growth. Out of 59 listed new-age tech stocks covered, 38 ended the week on a higher note, with gains between 0.06% to 13.5%. Shadowfax led the market, surging 13.51% to hit ₹243.30, reaching a fresh all-time high of ₹253.35 during the week. Other stocks that touched record highs include Kissht, E2E Networks, Lenskart, and Nykaa. Conversely, IndiaMART, Go Digit, and Turtlemint saw their stocks hit record lows. The total market capitalization of these 59 companies stood at $136.91 billion, down from $138.25 billion a week earlier. This week also witnessed leadership changes within Nykaa, with Ankit Jain taking over as CEO of Nykaa Now, and Swiggy appointing Nandita Sinha as CEO of Instamart. Ola Electric and Ather Energy faced challenges as they reported weaker demand in July, with registrations declining 19.5% and 9.2% respectively. Meanwhile, Klassroom Technology opened its IPO, receiving high subscription. The Indian equity markets recovered this week due to strong corporate earnings, FII buying, and easing macroeconomic concerns, with the Sensex and Nifty50 both logging their second consecutive monthly gains.",
  "summary": "With the Q1 FY27 earnings season in full swing, quarterly results remained the biggest driver of investor sentiment for listed…",
  "key_points": [
    "Shadowfax leads new-age tech stocks with 13.51% gain",
    "Pine Labs declines on Q1 earnings, despite revenue growth",
    "Indian markets up due to strong corporate earnings and easing concerns"
  ],
  "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."
}