Most New-Age Tech Stocks End In Red This Week; Paytm Emerges Biggest Gainer

Most New-Age Tech Stocks End In Red This Week; Paytm Emerges Biggest Gainer

SUMMARY

Seventeen of the 28 stocks under Inc42’s coverage fell in a range of 0.33% to over 16%

Awfis emerged as the biggest loser this week, with its shares crashing 16.38% to end at INR 749.05

While Paytm emerged as the top gainer, Go Digit, TBO Tek, PB Fintech, and Honasa were among the eleven winners this week

Despite a prolonged bull run in the Indian stock markets, investors turned bearish on new-age tech stocks in the final week of August. Seventeen of the 28 stocks under Inc42’s coverage fell in a range of 0.33% to over 16%. 

Awfis emerged as the biggest loser this week, with its shares crashing 16.38% to end at INR 749.05. Last week’s top gainer TAC Infosec, Zomato, Ola Electric were among the other major stocks which declined this week.

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