New-Age Tech Stocks Bounce Back, FirstCry Biggest Gainer This Week

by · Inc42

SUMMARY

  • Thirty four of the 55 new-age tech companies under Inc42’s coverage gained in a range of 0.12% to over 12% this week
  • FirstCry emerged as the biggest gainer, with its stock zooming over 12% to end the week at ₹250.4
  • While the Sensex closed flat at 74,563.96, Nifty 50 declined 0.1% to end at 23,114.50
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New-age tech stocks rebounded this week after an extended period of selling pressure amid the turmoil in the Indian and global equities market. Thirty four of the 55 new-age tech companies under Inc42’s coverage gained in a range of 0.12% to over 12% this week. 

The market capitalisation of the 55 new-age tech companies rose to $119.46 Bn at the end of the week from $116.64 Bn a week ago.