Groww, BlueStone Surge Amid A Mixed Week For New-Age Tech Stocks

by · Inc42

SUMMARY

  • While 22 out of the 56 new-age tech stocks under Inc42's coverage gained in a range of 0.6% to close to 14% this week, 34 stocks fell in a range of 0.22% to about 14%
  • The cumulative market cap of 56 new-age tech stocks declined to $131.25 Bn at the end of the week from $133.72 Bn a week ago
  • After two weeks of recovery, markets went into a phase of correction again this week. While Sensex fell about 2.3% to 76,664.21, Nifty 50 plunged 1.9% to end at 23,897.95
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New-age tech stocks saw a mixed week amid uneasy ceasefire in West Asia, Q4 earnings season, and continued selling by FIIs. While 22 out of the 56 new-age tech stocks under Inc42’s coverage gained in a range of 0.6% to close to 14% this week, 34 stocks fell in a range of 0.22% to about 14%.

NBFC Aye Finance led the list of gainers, with its shares zooming 13.96% to ₹134.73. The company is set to declare its Q4 financials on Monday (April 27) .