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New-Age Tech Stocks’ M-Cap Slumps $3.3 Bn Amid Bloodbath In Broader Market


SUMMARY

Barring IndiaMART InterMESH, MobiKwik and CarTrade, shares of 28 new-age tech stocks ended the day with losses in a range of 0.08% to just under 9%

The biggest loser today was foodtech major Swiggy, with its shares sliding 8.66% to end today’s trading session at INR 410

Two of the three gainers today, MobiKwik and IndiaMART, also touched fresh lows today before ending the day with gains

Continuing their free fall which began at the start of this month, new-age tech stocks under Inc42’s coverage ended up losing…



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