CONNECT WITH US
Tech

Tech

New-Age Tech Stocks Extend Rally, CarTrade Leads With 23.3% Gain

Inc42 - Startups logo

Published on

Add as a preferred source on Google
New-Age Tech Stocks Extend Rally, CarTrade Leads With 23.3% Gain

New-age tech stocks extended their rally this week, with 54 of the 69 companies under Inc42’s coverage posting gains ranging from 0.4% to 23.3%.

CarTrade led the gainers, rebounding 23.3% after last week’s steep decline to close at ₹2,699.30. Awfis followed with a 20.4% rise to ₹281.65, while ixigo climbed 19.1%.

Recently listed Tonbo Imaging and Zetwerk touched fresh highs during the week. Lenskart, Ather Energy, Eternal, and Nykaa were also among the stocks that hit 52-week highs.

The gains lifted the combined market capitalisation of the 69 companies to $169.3 Bn from $160.9 Bn last week, an increase of 5.2%.

Among the losers, RateGain fell the highest by 9.19% to close the week at ₹725.90.

Here are some key developments from listed new-age tech companies during the week: 

Kissht’s AUM Crosses ₹10,000 Cr: Kissht’s assets under management (AUM) crossed ₹10,000 Cr, driven by growth in personal loans and its expansion into loans against property. 2 Cr preferential issue strengthened its capital base. MobiKwik Secures NBFC Licence : MobiKwik received an RBI licence to operate as an NBFC, following in-principle approval in April 2026. It plans to begin operations within three to six months and disburse ₹5,000 Cr in consumer and MSME loans over three to four years through an asset-light co-lending model. Pine Labs Partners With Stripe : Pine Labs partnered with Stripe to offer Singapore retailers a unified platform for online and in-store payments, combining Stripe’s online infrastructure with Pine Labs’ terminals and merchant tools. The companies plan to expand the offering to other Southeast Asian markets in 2027.


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.