SUMMARY

Twenty seven out of the 37 new-age tech shares fell this week, shedding in a spread of 0.29% to underneath 10% this week

Whereas shares of Paytm, Smartworks, Ather Power and Nykaa touched contemporary highs this week, EaseMyTrip and MobiKwik touched contemporary lows

TBO Tek was the most important loser, with its shares falling 9.41% to finish the week at INR 1,307.25

With issues over the affect of US tariffs on Indian exports hitting investor sentiment within the Indian equities market, a majority of the new-age tech shares underneath Inc42’s protection ended the week within the pink. 

Twenty seven out of the 37 new-age tech shares fell this week, shedding in a spread of 0.29% to underneath 10%.

The cumulative market cap of those 37 firms declined over $3 Bn to $102.16 Bn as in opposition to $105.33 Bn on the finish of the final week. 

Journey tech main TBO Tek was the most important loser, with its shares falling 9.41% to finish the week at INR 1,307.25. The corporate misplaced $190 Mn in market cap this week to finish at $1.61 Bn. 

Fintech main PB Fintech was the third greatest loser this week, with its shares dipping 7.04% to finish the week at INR 1,772.45. On Friday (August 29), the NCLT authorized the long-pending amalgamation of Information Edge’s subsidiary Makesense Applied sciences with PB Fintech. 

Different losers this week included Everlasting, Swiggy, MapmyIndia, Unicommerce, and extra. 

In the meantime, shares of 10 firms gained in a spread of 0.22% to over 16%. NSE Emerge-listed Menhood was the most important gainer, with its shares surging 16.47% to finish the week at INR 198. The good points got here after the corporate knowledgeable the NSE that it’ll convene an EGM to debate issuing 24.8 Lakh convertible warrants to buyers to lift INR 42.2 Cr on September 1. 

EV maker Ola Electrical noticed a hefty uptick in investor curiosity this week, rising because the second greatest gainer of the week. The corporate’s shares zoomed 14.5% to finish the week at INR 54.02. 

Its competitor, Ather Power, was the third greatest gainer this week, touching a contemporary all-time excessive of INR 458.60 through the intraday buying and selling on Friday.

The corporate’s shares settled at INR 449.7, marking a 7.94% improve from per week in the past. 

Nykaa additionally touched a contemporary 52-week excessive of INR 236.80 on Thursday (August 28), seeing a bullish momentum all through the week. The inventory ended the week 2.31% greater at INR 230.15. 

Coworking area supplier Smartworks touched an all-time excessive of INR 505 on Monday (August 25). Nonetheless, the inventory ended the week 0.29% decrease at INR 489. Fintech main Paytm touched a contemporary 52-week excessive of INR 1,290.95 however ended the week 4.57% decrease at INR 1,206.80.

In the meantime, EaseMyTrip and MobiKwik touched contemporary all-time lows this week. Whereas EaseMyTrip’s shares sank 7.03% to finish the week at INR 8.33, MobiKwik touched an all-time low of INR 218.85 on Friday. The fintech firm’s shares ended the week 3.56% decrease at INR 219.80. 

Further US Tariff Halts The Bulls

The Indian equities market ended the truncated week within the pink as a result of issues concerning the further 25% tariff levied by the US on Indian items. The extra tariff got here into impact from Wednesday (August 27). The inventory exchanges have been closed on the day as a result of Ganesh Chaturthi. 

With the tariffs sparking uncertainty about export progress and company earnings, each benchmark indices Sensex and Nifty 50 ended the week 1.8% decrease at 79,809.65 and 24,426.85, respectively.

Even so, credit standing company Fitch’s reaffirmation of India’s sovereign score with a steady outlook offered assist to the market. The company saved India’s sovereign credit standing unchanged at BBB-, indicating underlying financial resilience. 

The sell-off was extra pronounced in mid and small-cap indices, which declined between 3% and 4% this week.

“Indian equities ended decrease this week as early optimism was overshadowed by sustained promoting amid rising world and home headwinds,” stated Vinod Nair, head of analysis at Geojit Investments. 

As per the GDP knowledge launched by the federal government after market shut on Friday, India’s actual GDP grew 7.8% in Q1 FY26 and nominal GDP elevated 8.8% throughout this era.

Wanting forward, the market will deal with key home knowledge reminiscent of auto gross sales, HSBC Manufacturing, Providers, and Composite PMIs, alongside the GST Council assembly scheduled for September 3 and 4. 

Now, let’s check out the efficiency of Ola Electrical and EaseMyTrip this week.

EaseMyTrip Continues The Downward Spiral

Shares of the web journey aggregator continued to face a bearish sentiment, plunging to a contemporary all-time low on Friday. The shares pared a few of the losses to finish the week at INR 8.33, down 7.04% from final week.

With this, the corporate’s shares have now crashed about 47% yr up to now. Its market capitalisation, which as soon as stood at above $1 Bn, at the moment stands at $343.7 Mn. 

A number of causes have led to the rout within the inventory, together with weak monetary efficiency, discount of his stake within the firm by cofounder and ex-CEO Nishant Pitti, the ED’s investigation into Pitti’s alleged reference to Mahadev betting app, and extra. 

This week, EaseMyTrip cofounder Prashant Pitti resigned from the place of MD. The corporate’s board authorized the appointment of Nishant as chairman-cum-MD, with impact from August 29. 

On the monetary entrance, its consolidated internet revenue crashed 99% to INR 44.3 Lakh in Q1 FY26 from INR 33.9 Cr a yr in the past. Working income additionally nosedived 25% YoY to INR 113.8 Cr through the quarter.

Ola Electrical Sees Revival

The Bhavish Aggarwal-led EV maker continued the momentum it noticed final week. The corporate’s shares zoomed 14.50% this week to finish at INR 54.02. Its market cap rose to round INR 23,840 Cr (about $2.7 Bn).  

The bull run for Ola Electrical got here after it introduced its plans to combine its battery cells into its EVs and unveiled a brand new escooter throughout its annual occasion on August 15. This week, the corporate additionally obtained the certification for the production-linked incentive (PLI) scheme for its Gen 3 scooter portfolio.  

The rally has helped the corporate recoup a few of the losses of the previous few months as a result of its weak monetary efficiency. In Q1 FY26, Ola Electrical’s internet loss declined 51% sequentially to INR 428 Cr, whereas working income grew about 36% quarter-on-quarter to INR 828 crore. 

The corporate forecasted its FY26 income to be between INR 4,200 Cr to INR 4,700 Cr and car gross sales at 3.25 Lakh to three.75 Lakh models. 

The corporate’s shares have risen almost 15% because it disclosed its Q1 outcomes on July 14. Following the disclosures, HSBC raised its value goal on the inventory to INR 49 from INR 45 earlier however maintained the ‘Maintain’ score, citing warning as a result of uncertainties round authorities incentives for battery manufacturing and rising competitors.