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New-Age Tech Stocks Gain This Week, MobiKwik Surges 25% And PhysicsWallah 20%

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New-Age Tech Stocks Gain This Week, MobiKwik Surges 25% And PhysicsWallah 20%

Most new-age tech stocks gained this week, as benchmark indices snapped an eight-week losing streak despite a midweek sell-off. Among the 66 stocks tracked until last week, 36 rose 0.1% to nearly 25%, while 30 fell in the range of 0.23% to 13.93%.

MobiKwik led gains, rising nearly 25% to ₹245.40, followed by PhysicsWallah (19.68%), Fino Payments Bank (8.9%), Nykaa (5.97%), and Eternal (3.14%).

E2E Networks, Shadowfax, SEDEMAC, Zelio E-Mobility, Aequs, and Kissht touched fresh highs. IndiaMART, Fractal, Turtlemint, PB Fintech, Klassroom, and Yudiz hit fresh lows.

NSE SME-listed Yudiz led declines, falling 13.93% to ₹20.70, followed by BSE SME-listed Zappfresh, down 9.24% at ₹54.90.

Snapdeal parent AceVector became the 67th stock under Inc42’s coverage after listing on Monday (October 5). It closed the week at ₹30.61, up 8.16% from its ₹28.30 BSE listing price but 4.3% below its ₹32 IPO price.

Including AceVector, the 67 companies’ combined market capitalisation stood at $154.71 Bn, against $153.61 Bn for 66 companies last week.

Key company developments this week included business updates, founder share pledges, and institutional stake sales.

Nykaa projected Q2 FY27 net revenue growth in the high-twenties percentage range, while Honasa expects net sales value growth in the low-thirties percentage range. Both stocks gained.

Aye Finance’s Q2 AUM rose 26% YoY to ₹7,604 Cr, and disbursements increased 10% to ₹1,403 Cr. Its shares declined.

Fino reported September loan referral disbursals of ₹278 Cr, up 223% YoY, while renewal income rose 20% to ₹28 Cr and average deposits increased 13% to ₹2,794 Cr.


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