India, Nov. 8 -- New-age tech stocks saw a bearish week amid the ongoing Q2 earnings season, with 32 out of the 42 stocks under Inc42's coverage declining in a range of 0.12% to over 14%.
With this, the total market cap of these companies fell to $106.42 Bn at the end of the week from $109.15 Bn a week ago. This was the second consecutive week of decline in the cumulative market cap of new-age tech companies.
The week saw stock-specific actions amid the Q2 results. BlueStone, Urban Company, Delhivery, Ola Electric and Tracxn - all of which reported losses during the quarter - emerged as the biggest losers this week.
Meanwhile, travel tech major TBO Tek, which recorded robust financial performance for the September quarter, gained the h...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.