New-Age Tech Stocks Gain This Week, MobiKwik Surges 25% And PhysicsWallah 20%

by · Inc42

SUMMARY

  • MobiKwik surged nearly 25% and PhysicsWallah gained 19.68% during the week, leading gains among new-age tech stocks
  • The gains came despite an RBI rate hike and persistent foreign investor selling, which kept the broader market under pressure
  • AceVector became the 67th stock in Inc42’s listed new-age tech universe, taking the combined market capitalisation to $154.71 Bn
  • Added to Saved Stories in Login

Most new-age tech stocks gained this week, as benchmark indices snapped an eight-week losing streak despite a midweek sell-off. Among the 66 stocks tracked until last week, 36 rose 0.1% to nearly 25%, while 30 fell in the range of 0.23% to 13.93%.

MobiKwik led gains, rising nearly 25% to ₹245.40, followed by PhysicsWallah (19.68%), Fino Payments Bank (8.9%), Nykaa (5.97%), and Eternal (3.14%).