ESDS Listing Pushes New-Age Tech Stocks' Market Cap Past $170 Bn
India, Sept. 5 -- The first week of September was marked by stake sales by institutional investors, fresh ESOP allotments, and continued momentum in the new-age tech IPO market.
Of the 62 previously listed new-age tech stocks under Inc42's coverage, 26 gained between 0.03% and 13% during the week, while the remaining 36 declined by up to 15%. Honasa ended the week flat.
After leading the gainers last week, BSE SME-listed edtech startup Klassroom emerged as the biggest loser this week. Its shares fell 15.37% to end at Rs.184.50.
FirstCry also touched a fresh all-time low of Rs.170 on Wednesday before recovering to close the week at Rs.180.10. The stock fell 3.07% during the week and ended about 61% below its IPO price of Rs.465.
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