India, July 13 -- New-age tech stocks defied the bearish sentiment in the broader Indian equity market this week. A majority of new-age tech stocks under Inc42's coverage ended the week in the green, with shares of 22 companies gaining in a range of 0.02% to nearly 12%.

Buoyed by positive brokerage reports, shares of CarTrade gained the most this week. The stock zoomed 11.74% to end the week at INR 1,898.35. Earlier in the week, Axis Securities gave the company's shares a target price of INR 1,955. In a note, the brokerage said that the daily, weekly and monthly strength indicator, RSI, is in favourable territory, indicating rising strength across all time frames.

Meanwhile, Delhivery's shares continued their momentum this week, gaining...