Tracxn Shares Slump 6% To Hit New All-Time Low

SUMMARY

Shares of market intelligence company Tracxn slumped almost 6% to hit a fresh all-time low of INR 54.61 apiece during the intraday trading session on the BSE today

The market capitalisation of the company currently stands at INR 586.86 Cr

Since the start of this year, the stock has lost 24.6% in value

Shares of market intelligence company Tracxn slumped almost 6% to hit a fresh all-time low of INR 54.61 apiece during the intraday trading session on the BSE today (February 28).

The stock was last down 4.7% at INR 55.30 per share as of 13:06 PM, on the BSE, compared to its previous close of INR 58.01 per share on Thursday (February 27).

The market capitalisation of the company currently stands at INR 586.86 Cr.

To note, the company is set to close its fifth consecutive session in red, if the current loss holds.

Since the start of this year, the stock has lost 24.6% in value.

Earlier this month, Tracxn reported a net profit of INR 1.42 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25), down 36% from INR 2.22 Cr, a year ago. Meanwhile, its revenue from operations increased 1.2% to INR 21.39 Cr in Q3 FY25 from INR 21.14 Cr in the year-ago quarter.

Founded in 2013 by Neha Singh and Abhishek Goyal, Tracxn is a private equity market research and data platform that tracks company financials, private funding and cap tables of entities worldwide.

The listed company claims to host detailed shareholding of over 3.13 Lakh companies from over 15 countries on its platform. At 1,699, Tracxn added the highest number of customers in Q3.

Tracxn further expanded its employee stock option plan by allotting 4,47,036 equity shares to eligible employees under Employee Stock Option Plan 2016, during the reported quarter.

To note, shares of the new age tech stocks have largely been driven by the negative trend from broader market volatility following US President Donald Trump’s announcement of imposing new tariff plans, weak trading volumes and higher sell offs from foreign institutional investors (FIIs).

The broader Indian market indices are still shadowed by the influences mentioned above, where BSE Sensex is down 1.35% at 73,603.64, while Nifty 50 is at 22,239.25, a decline of 1.36%, as of 11:59 AM.

Earlier today, Yatra and MobiKwik shares have also marked their all-time low of INR 70 and INR 277.55, respectively.