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Barring stocks of Zaggle, Naukri, CarTrade, Droneachrya, Nazara, Zomato and Blackbuck, shares of 31 new-age tech stocks were in the green at 10:31 AM, reflecting growth as high as 10% rally.
Among the most notable positive performers were Unicommerce, EaseMyTrip, IdeaForge, and Ola Electric, with surges at 10.5%, 8%, 6.7% and 4.35%, respectively
This comes amid the broader upsurge in the market with benchmark indices Sensex rising 1.20% and Nifty 50 climbing 1.34% at the above-mentioned time
Ahead of the much-anticipated union budget 2025 today (February 1), shares of new-age tech stocks under Inc42’s radar have shown a positive pre-budget trend in the early trading hours.
Barring stocks of Zaggle, Naukri, CarTrade, Droneachrya, Nazara, Zomato and Blackbuck, shares of 31 new-age tech stocks were in the green at 10:31 AM, reflecting growth as high as 10% rally.
Among the most notable positive performers were Unicommerce, EaseMyTrip, IdeaForge, and Ola Electric, with surges at 10.5%, 8%, 6.7% and 4.35%, respectively.
Just a day ago, Unicommerce
saw its consolidated net profit zoom 62.1% to INR 6.29 Cr in the third quarter of the ongoing financial year (FY25) from INR 3.88 Cr in the year-ago quarter. IdeaForge maintained its second consecutive day of rally after surging over 11% in the early hours of trade on the BSE Yesterday.
Ola Electric’s shares have been also following an upward trajectory since it launched its Gen 3 escooter series.
EaseMyTrip’s rally was also fueled by yesterday’s expansion announcement of incorporating a wholly owned subsidiary, Easy Trip Planners Do Brasil Ltda, in Brazil.
This comes amid the broader upsurge in the market with benchmark indices Sensex rising 1.20% and Nifty 50 climbing 1.34% at the above-mentioned time.
It is pertinent to note that the finance minister Nirmala Sitharaman is all set to unveil the eighth consecutive union budget at 11 AM today and the new-age tech companies are also anticipating the announcements fall in alignment with their expectations.
Amid all these, the analysts are expecting a balancing act between growth and fiscal prudence.
