New-Age Tech Stocks: EaseMyTrip, SEDEMAC Lead Weekly Gains; Yudiz, ideaForge Slip
New-age tech stocks were mixed this week, with EaseMyTrip leading gains and Yudiz, ideaForge and BlueStone among the laggards.
Intelligence analysis by GPT-5.4 Mini
The roundup shows a volatile week for India’s new-age tech names: 31 of 57 rose, but 25 fell and overall market cap slipped. The main drivers were stock-specific moves, fresh fundraises, acquisitions and broader market support from easing US-Iran tensions and RBI rupee measures.
It was like a school race where some kids ran ahead and others slowed down. EaseMyTrip ran fast, Yudiz stumbled, and the whole class was also affected by big news outside the race, like talk between countries and help from the RBI.
Analysis
Weekly stock action
New-age tech stocks moved unevenly this week amid market volatility. Inc42’s coverage tracked 57 companies, of which 31 gained by between 0.05% and nearly 24%, while 25 fell by 0.30% to about 15%. EaseMyTrip was the biggest gainer, ending 23.7% higher at ₹8.35.
A few names touched fresh highs, including Kissht, Ather Energy, Honasa Consumer, Shadowfax, ideaForge, SEDEMAC and MobAvenue. Even so, only SEDEMAC, Yudiz and Shadowfax closed the week in positive territory among those that hit highs.
Losers and market cap
Yudiz, listed on the NSE SME platform, was the weakest performer, falling 14.81% to a fresh low of ₹22.15. The article says profit booking pressured BlueStone, ideaForge and Aequs, leaving them in the red. Overall market value for the 57 companies fell to $129.58 Bn from $131.94 Bn a week earlier.
Bigger company updates
The week also brought several company-specific developments. Zepto filed an updated DRHP for its proposed IPO; Ather Energy’s board approved a plan to raise up to ₹2,500 Cr; Pine Labs completed its all-cash acquisition of Shopflo; and Unicommerce’s chairman resigned.
Other updates included Aequs adding more capital to its toys business, E2E Networks debuting on the BSE mainboard, Eternal receiving a GST demand notice of ₹9.63 Cr, and Meesho agreeing to buy Kirana Club for ₹202.08 Cr. The week also saw multiple block deals in Meesho, Lenskart and BlueStone.
Broader market backdrop
Indian equities ended stronger, with the Sensex up 1.7% and the Nifty 50 up 1.1%. The piece links the mood to progress in US-Iran talks and RBI steps to support rupee liquidity and foreign currency inflows.
Key points
- 31 of the 57 new-age tech stocks tracked by Inc42 gained this week, while 25 declined.
- EaseMyTrip was the biggest gainer, rising 23.7% to ₹8.35.
- Yudiz was the worst performer, falling 14.81% to a fresh low of ₹22.15.
- The combined market cap of the 57 companies fell to $129.58 Bn from $131.94 Bn a week earlier.
- Major weekly updates included Zepto’s updated DRHP, Ather’s fundraising plan, Pine Labs’ Shopflo acquisition and Meesho’s planned purchase of Kirana Club.
If the stronger names keep attracting buyers, the sector could regain momentum and support fundraising or IPO plans. The article also shows several active catalysts, including Zepto’s DRHP update, Ather’s fundraising plan and Meesho’s acquisition move.
The week also showed how quickly sentiment can flip, with more stocks falling than rising and the sector’s total market value slipping. Profit booking, tax notices and large block deals suggest investors may stay cautious and selective.
