New-Age Tech Stocks: Aequs, Nykaa Lead Weekly Gains; Ola Electric, Ather Slip
India, June 20 -- New-age tech stocks gained in line with the bull run in the broader market this week. Forty three out of the 57 new-age tech companies under Inc42's coverage ended the week in the green. While gainers soared in the range of 0.08% to over 21%, 14 stocks fell in a range of 0.21% to close to 8%.
Aequs emerged as the biggest gainer this week, with its shares surging 21.42% to end at Rs.221.9. Investor sentiment turned positive after the company, in its investor day presentation on Thursday (June 18) projected a 4-6X revenue growth by FY31 and an EBITDA margin of 18-22%. The loss-making company also said it expects to reach consolidated PAT breakeven by H1 FY28. Following this, the stock touched a fresh all-time high of Rs.2...
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