New-Age Tech Stocks: BlueStone, ideaForge Lead Weekly Gains; PB Fintech, Meesho Slip
India, June 6 -- New-age tech stocks saw another mixed week amid the ongoing broader market turmoil due to ongoing geopolitical tensions. While 31 out of the 57 new-age tech stocks under Inc42's coverage fell in a range of 0.03% to close to 10% this week, the remaining 26 gained between 0.04% to about 16%.
The list of losers was topped by PB Fintech, with the stock falling 9.86% to end at Rs.1,534.6. Investors turned bearish on the insurance aggregator after chairman Yashish Dahiya, in an interview with ET, expressed concerns over reports of IRDAI bringing in caps on distributor commissions.
The second biggest loser this week was ecommerce giant Meesho, whose shares have now fallen across nine consecutive trading sessions. The stock end...
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