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 ₹1,755.05, having touched a fresh all-time high of ₹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 helped lift the combined market cap of the 69 stocks to $160.94 Bn, up 5.7%, or $8.62 Bn, from $152.32 Bn at the end of the previous week.

Here are some key developments from listed new-age tech companies during the week.
ESDS’ CTO Resigns: AI cloud provider ESDS’ chief technology officer and chief information officer Sajiv Nair resigned, citing personal reasons. He will leave the company on or before January 27, 2027.

Nazara Funds Acquisition Tranche: Nazara Technologies infused $77 Mn into its UK subsidiary, Nazara UK, to fund the second tranche of its acquisition of Spanish gaming companies Bluetile Games and Bestplay Systems. Nazara UK paid the amount to the sellers, taking the total consideration paid to $303.02 Mn.

Zelio Adds Manufacturing Capacity: Zelio E-Mobility began commercial operations at its new Haryana plant, adding annual capacity of 72,000 vehicles, comprising 48,000 electric two-wheelers and 24,000 electric three-wheelers.

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