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Image Credit: Inc42

Mixed Week For New-Age Tech Stocks Amid Broader Market Volatility; Ola Electric Biggest Loser

  • Fourteen of the 28 new-age tech stocks under Inc42’s coverage rose in a range of 0.12% to just under 24% this week.
  • Ola Electric shares ended the week at INR 72.74, down 12.04% from the previous week.
  • CarTrade reported a net profit of INR 30.72 Cr in Q2 FY25, up over 6x from INR 5.04 Cr in the year-ago period.
  • With this, the company’s shares have now fallen 4.28% below its listing price of INR 75.99.
  • Shares of omnichannel kids brand FirstCry plunged 11.91% to end the week at INR 564.90.
  • The company said it delivered 98,619 escooters in Q2 FY25, which helped it maintain market leadership with a 33% share.
  • The total market capitalisation of the 28 new-age tech stocks under Inc42's coverage stood at $75.03Bn at the end of this week.
  • Awfis, Paytm, Rategain, Unicommerce, Zomato were among the gainers this week.
  • Delhivery, Go Digit, Honasa Consumer, IndiaMART InterMESH, Yatra, among others, ended the week in the red.
  • Investors turned bullish on shares of online classifieds and auto auction platform CarTrade after its Q2 results.

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