{
  "id": 6939818,
  "title": "ESDS Soars 92% To Lead New-Age Tech Stocks This Week, MDR Hopes Lift Fintechs",
  "url": "https://urgent.news/2026/09/12/esds-soars-92-to-lead-new-age-tech-stocks-this-week-mdr-hopes-lift",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T14:32:31.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/esds-soars-92-to-lead-new-age-tech-stocks-this-week-mdr-hopes-lift-fintechs/"
  },
  "original_language": "en",
  "account": "ESDS Software skyrocketed 91.65% in its debut week of trading, closing at ₹1,716.35 on the BSE. This marked the biggest gain among listed new-age tech companies this week. Meanwhile, the broader new-age tech sector delivered a mixed performance, with half of the 63 companies under Inc42's coverage declining between 0.01% and nearly 14%. Notable declines included Yudiz Solutions (-13.91%) and LEAP India (-9.23%). However, some firms like Lenskart, Paytm, and Nykaa reached new highs, while Swiggy, Honasa Consumer, and Groww experienced healthy gains. In unrelated news, RentoMojo's IPO saw overwhelming demand, with shares slated to list on September 17. Shiprocket narrowed its consolidated net loss, while Cofounder Nishant Pitti pledged a stake in his company EaseMyTrip. Swiggy agreed to acquire LYNK from Udaan in a share-swap deal valued at ₹500 Cr, increasing its stake in Udaan to 3.2%. Fintech SaaS company Veefin Solutions plans to migrate to the BSE mainboard and apply for a direct listing on the NSE. Ecommerce platform Meesho eliminated the chief product officer role as part of a product leadership restructuring.",
  "summary": "New-age tech stocks delivered a mixed performance this week as weakness in the broader equity market kept investor sentiment cautious.…",
  "key_points": [
    "ESDS Software surged 91.65% in debut week, closing at ₹1,716.35",
    "New-age tech sector mixed, with half of 63 companies declining",
    "Veefin Solutions plans BSE mainboard listing and NSE direct listing"
  ],
  "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."
}