India, Jan. 24 -- New-age tech stocks saw a sharp correction this week amid a risk-off mood in the broader Indian equity market. The sell-off was driven less by company-specific shocks and more by valuation reset and profit-booking.

Between January 19 to 23, forty two out of the 50 new-age tech stocks under Inc42's coverage plunged in a range of 0.33% to over 20%. Amagi became the first startup of 2026 to graduate to the bourses, listing on the exchanges on Wednesday (January 21).

After listing at a discount of 12.2% to the issue price on the BSE at INR 317, the company's shares gained 18.52% to end the week at INR 375.7. This was a 4% jump from the issue price of INR 361.

Meanwhile, BSE SME-listed EV company Zelio E-Mobility was the b...