New-Age Tech Stocks Slump This Week As Broader Market Faces Selling Pressure; TAC Top Gainer
India, April 21 -- Indian new-age tech stocks came under selling pressure this week on the back of a slump in the broader equity market, largely hurt by the fresh unrest in the Middle East.
Sixteen out of the 20 new-age tech stocks under Inc42's coverage fell this week in a range of 0.04% to over 11% on the BSE, with Yudiz emerging as the biggest loser.
PB Fintech and Nykaa slumped over 5% each, Nazara fell 4.5%, while Zaggle, Tracxn, Paytm, and CarTrade were down over 3% each this week.
Meanwhile, the newest addition in the new-age tech stocks, NSE Emerge-listed TAC Infosec emerged as the top gainer this week as its shares rallied over 14%.
On the other hand, shares of DroneAcharya gained 12.5% this week. MapmyIndia and Fino Payments...
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