New-age Tech Stocks This Week: Paytm Suffers As Fino Payments Bank, EaseMyTrip Emerge Victorious

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Inc42 2 mo ago

New-age Tech Stocks This Week: Paytm Suffers As Fino Payments Bank, EaseMyTrip Emerge Victorious - Inc42

Quick Summary:

While the overall Indian stock market sustained modest gains despite visible volatility, India’s new-age tech stocks witnessed another muted week.

Nykaa continued to remain under pressure even two weeks after the expiration of its stock’s lock-in period.Its shares fell 8.5% during the week, ending Friday’s trade at INR 176 on the BSE.

PB Fintech, which runs insurtech startup Policybazaar and lending platform Paisabazaar, turned out to be one of the few outperformers among the new-age tech stocks this week.