New-age tech stocks gain this week with MobiKwik and PhysicsWallah surging
Most new-age tech stocks gained this week as benchmark indices snapped an eight-week losing streak, according to Inc24.
Growth Brief DeskPublished 1 min read
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Key facts
- Most new-age tech stocks gained this week amid a broader market recovery.
- Benchmark indices snapped an eight-week losing streak despite a midweek sell-off.
- MobiKwik surged 25% during the week.
- PhysicsWallah recorded a 20% surge.
Most new-age tech stocks registered gains this week as benchmark indices snapped an eight-week losing streak despite a midweek sell-off, according to Inc24.
Individual stock movements showed notable strength across the sector. MobiKwik surged 25% and PhysicsWallah climbed 20% over the course of the week.
Why it matters
For investors and market participants, the recovery of new-age tech stocks and the snapping of an eight-week losing streak by benchmark indices signal a potential shift in market sentiment. While midweek volatility remains a risk, strong individual performances by companies like MobiKwik and PhysicsWallah highlight pockets of resilience within the broader sector. Tracking these market movements helps stakeholders gauge investor appetite for growth-stage technology shares.
- Economy
- Startups
Sources
Source: Inc24, Akshit Pushkarna