New-Age Tech Stocks Extend Slide, Turtlemint Slumps Another 20% This Week
India, Oct. 3 -- New-age tech stocks remained under pressure this week, with 47 stocks declining as benchmark indices recorded their eighth consecutive weekly fall.
Moneyview's market debut this week took the number of new-age tech companies under Inc42's coverage to 66. Despite the addition, their combined market capitalisation fell to $153.61 Bn from the $166.6 Bn commanded by 65 companies last week.
Shares of Moneyview made their debut on Thursday (October 1) at Rs.55.6 on the BSE, nearly 64% above the issue price of Rs.34. The stock closed at Rs.54.03, down 2.8% from the listing price but 58.9% above its issue price.
Of the 65 stocks under Inc42's coverage at the end of last week, 47 fell between 0.08% and 20.1% this week. Eighteen...
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