Ather Jumps 17% To Lead Weekly Rally In New-Age Tech Stocks, MapmyIndia Biggest Loser

by · Inc42

SUMMARY

  • Ather Energy surged 17.45% to top the weekly gainers, while MapmyIndia emerged as the biggest laggard after its Q1 FY27 earnings.
  • Investor sentiment remained upbeat amid strong Q1 earnings, sustained FII buying, and a flurry of IPO and corporate developments across the startup ecosystem.
  • Thirty seven of the 59 listed new-age tech companies ended the week in the green, Klassroom debuted on the stock market, and LEAP India opened its ₹2,480 Cr IPO for subscription.
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With the Q1 earnings season in full swing, investors actively traded new-age tech stocks based on the latest financial disclosures, with 37 of the 59 listed new-age tech companies ending the week in the green. 

The gainers saw their shares rise between 0.16% and 17.45%, with Ather Energy emerging as the week’s top performer. The stock rallied every session after the electric two-wheeler maker reported a strong Q1 FY27 performance on August 3 (Monday), ending the week at ₹1,480.80. It also hit a record high of ₹1,507.30 on August 6 (Thursday). 

Investors turned bullish on Capillary Technologies (up 12.68%) and Urban Company (up 11.17%) following their quarterly earnings, while Ola Electric gained 6.18% during the week before releasing its Q1 numbers after market hours yesterday.