New-Age Tech Stocks: Fino Payments Bank Surges 29%, Go Digit Leads Weekly Losers

by · Inc42

SUMMARY

  • Of the 58 listed new-age tech companies tracked by Inc42, 39 stocks ended the week in the red, declining between 0.38% and nearly 10%
  • While Fino Payments Bank led the gainers, surging 29.16% during the week, Zelio, Ather, RateGain, Paytm, Honasa Consumer, Nykaa and Amagi hit fresh 52-week highs
  • Overall, the cumulative market capitalisation of the 58 new-age tech companies stood at $142.41 Bn at the end of the week as against $143.54 Bn a week ago
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As the June quarter earnings season gathered pace, investors remained largely cautious on listed new-age tech stocks this week despite the broader market ending on a positive note. 

Of the 58 listed new-age tech companies tracked by Inc42, 39 stocks ended the week in the red, declining between 0.38% and nearly 10%. Insurtech major Go Digit emerged as the week’s worst-performing stock ahead of its June quarter earnings next week. The company’s shares touched an all-time low of ₹280.75 during yesterday’s trade before closing at ₹281.70, down 9.77% from the close of July 10 (Friday).