New-Age Tech Stocks: Kissht & MobiKwik Rally, Zappfresh Hits Record Low This Week
India, Sept. 19 -- Investor sentiment towards new-age tech stocks remained divided this week, even as the broader Indian equity market continued to face pressure. Of the 64 stocks tracked by Inc42 until last week, 30 gained between 0.18% and 7.69%, while 34 declined by as much as 13.43%.
Zappfresh was the biggest loser of the week. The stock fell to a record low of Rs.54.02 yesterday before closing at Rs.55.06, ending the week 13.43% lower. The decline came after CARE Ratings, on September 11 (Friday), flagged deviations of 10% to 25% in the use of proceeds from the company's Rs.59.06 Cr IPO.
ESDS was the second-biggest loser, falling around 10% during the week to close at Rs.1,545.15 after rallying sharply in the sessions following its...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.