New-Age Tech Stocks Gain This Week Led By Ather & Zetwerk, CarTrade Sinks 22%
India, Oct. 31 -- New-age tech stocks largely advanced this week, with quarterly earnings driving sharp moves in individual counters. Of the 69 stocks under Inc42's coverage, 40 gained between 0.2% and 26.8%, while the remaining 29 declined by up to 22.3%.
Ather Energy led the gainers after reporting its maiden quarterly net profit. The stock rose 26.8% to close at Rs.1,755.05, having touched a fresh all-time high of Rs.1,782.05 during the week.
Recently listed Zetwerk followed with an 18% gain, while Tonbo Imaging rose 15.3%. Besides Ather, Nykaa, Eternal, and Shadowfax touched fresh 52-week highs.
However, 15 stocks, including Swiggy, FirstCry, MapmyIndia, and LEAP India, hit fresh lows during the week.
Gains in larger companies hel...
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