Investor sentiment towards new-age tech stocks took a hit during the week 👇

The Indian equity market continued its upward march this week, with the benchmark indices touching all-time highs.

🔸 Eighteen of the 28 startups under Inc42’s coverage declined in a range of just below 1% to under 7% this week.

🔸 Recently listed travel tech startup ixigo took the biggest hit this week, with its shares plunging 6.99% to INR 144.75. Unicommerce, FirstCry, Awfis, Go Digit were among the other stocks which ended in the red this week.

🔸 Shares of gaming major Nazara also dipped 1.55% to end the week at INR 1,034.10 despite its acquisition spree and plans to raise INR 900 Cr funding.

🔸 Meanwhile, 10 new-age tech stocks gained in a range of just under 1% to over 8% this week.

🔸 The biggest gainer this week was NSE Emerge listed D2C brand Menhood, with its shares gaining 8.51% to end the week at INR 137. PB Fintech, Zomato, Paytm, and RateGain were among the other gainers this week.

Credit - Inc42 Media