Swiggy Plummets, BlueStone Soars Amid Bearish Week For New-Age Tech Stocks
India, July 25 -- It was a bearish week for India's new-age tech stocks as renewed geopolitical tensions and a broad-based market selloff weighed on investor sentiment.
Of the 59 new-age tech stocks under Inc42's coverage, only 16 ended the week in the green, gaining between 0.15% to nearly 29%. Meanwhile, the remaining 43 stocks closed lower, declining anywhere between 0.03% to over 9%.
Swiggy emerged as the week's biggest loser, tumbling 9.19% to Rs.251.40, while Fractal also declined more than 9% to end at Rs.787.20.
We have added AI cloud service provider E2E Networks to our weekly new-age tech stocks coverage from this week.
Quarterly earnings remained the biggest stock-specific trigger during the week, with investors rewarding s...
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