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Nazara, Groww Gain Among New-Age Tech Stocks This Week, AceVector Falls 18%

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Nazara, Groww Gain Among New-Age Tech Stocks This Week, AceVector Falls 18%

Fewer than half of the 67 new-age tech stocks under Inc42’s coverage advanced this week despite a broader market recovery. While 31 stocks gained between 0.03% and 17.63%, 36 declined, with losses reaching 18.43%.

Snapdeal parent AceVector was the biggest loser, falling 18.43% to ₹24.97, about 12% below its listing price.

Market intelligence platform Tracxn followed, declining 8.26% to ₹31.78. IndiQube and Veefin lost more than 7% each.

ixigo, EaseMyTrip, Swiggy, and Fractal touched fresh 52-week lows, while Nazara, Zelio, and E2E Networks hit fresh 52-week highs this week.

NSE SME-listed Yudiz led gains, surging 17.63% to ₹24.35, although it remained over 85% below its listing price. Nazara, ideaForge, DevX, and FirstCry were among the other gainers.

The combined market capitalisation of the 67 companies increased by $5.84 Bn to $160.55 Bn from $154.71 Bn at the end of the previous week.

Now, let’s take a look at the key developments at the new-age tech companies this week.

E2E Networks posted a consolidated net profit of ₹72.7 Cr in Q2 FY27 against a ₹13.5 Cr loss a year earlier. Operating revenue jumped 411% to ₹223.8 Cr from ₹43.8 Cr.

Separately, it paid fines of ₹10,000 each, plus GST, to NSE and BSE for failing to provide prior intimation of its August 31 board meeting. The cloud infrastructure company said it would strengthen compliance monitoring to prevent recurrence.

92 Cr claim, plus 18% annual interest.



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