New-Age Tech Stocks Extend Rally, CarTrade Leads With 23.3% Gain
India, Nov. 7 -- New-age tech stocks extended their rally this week, with 54 of the 69 companies under Inc42's coverage posting gains ranging from 0.4% to 23.3%.
CarTrade led the gainers, rebounding 23.3% after last week's steep decline to close at Rs.2,699.30. Awfis followed with a 20.4% rise to Rs.281.65, while ixigo climbed 19.1%.
Recently listed Tonbo Imaging and Zetwerk touched fresh highs during the week. Lenskart, Ather Energy, Eternal, and Nykaa were also among the stocks that hit 52-week highs.
The gains lifted the combined market capitalisation of the 69 companies to $169.3 Bn from $160.9 Bn last week, an increase of 5.2%.
Among the losers, RateGain fell the highest by 9.19% to close the week at Rs.725.90.
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