Shadowfax Leads New-Age Tech Stocks This Week, Pine Labs Slides On Q1 Earnings

01 Aug 2026, 12:59 by Akshit Pushkarna · Inc42

SUMMARY

Shadowfax emerged as the week's top gainer among listed new-age tech stocks, while Pine Labs came under pressure after its Q1 FY27 earnings despite reporting revenue growth.
As Q1 FY27 results roll in, public market investors are becoming far more selective, placing execution and profitability ahead of growth narratives.
Of the 59 stocks tracked by Inc42, 38 ended the week higher and 21 declined. The week also saw Zepto defer its IPO.

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With the Q1 FY27 earnings season in full swing, quarterly results remained the biggest driver of investor sentiment for listed Indian new-age tech companies this week.

While logistics company Shadowfax emerged as the top gainer following its strong Q1 performance, fintech major Pine Labs came under pressure after reporting a sequential decline in profit despite healthy revenue growth.

Overall, 38 of the 59 listed new-age tech stocks under Inc42’s coverage ended the week higher, posting gains ranging from 0.06% to 13.5%.