New-Age Tech Stocks Extend Rally, CarTrade Leads With 23.3% Gain

by · Inc42

SUMMARY

  • Of the 69 new-age tech stocks under Inc42’s coverage, 54 gained this week, led by CarTrade, Awfis, and ixigo.
  • The basket’s combined market capitalisation rose 5.2% to $169.3 Bn, alongside a sharp recovery in benchmark indices and renewed foreign institutional buying.
  • Awfis rose 20.4% following its Q2 results, while RateGain declined 9.2% despite reporting higher quarterly profit and revenue on a YoY basis.