India, July 4 -- New-age tech stocks surged this week, driven by improving investor sentiment. Thirty nine out of the 57 new-age tech companies under Inc42's coverage gained in a range of 0.03% to close to 20% this week. The rally was broad-based across segments, with 11 companies - WeWork India, Ather Energy, Kissht, RateGain, Honasa Consumer, Delhivery, Aye Finance, Amagi, Aequs, Nykaa and Shadowfax - hitting fresh 52-week highs over the past five trading sessions.

Buoyed by positive brokerage commentaries, WeWork India and ixigo led the gains.

PhysicsWallah, Groww, and Wakefit were among the other companies that ended the week in the green.

Meanwhile, 18 new-age tech stocks ended the week in the red, declining in a range of 0.01% to...