Now Reading: Turtlemint Jumps 23% To Lead Weekly Gains In Tech Stocks
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Turtlemint Jumps 23% To Lead Weekly Gains In Tech Stocks
Turtlemint led new-age tech stocks with a 22.64% gain this week, while Veefin Solutions fell 13.76% as the biggest loser. Among 61 tracked stocks, 30 ended higher, 29 declined, and Meesho closed…
The Story in Brief
Turtlemint led new-age tech stocks with a 22.64% gain this week, while Veefin Solutions fell 13.76% as the biggest loser. Among 61 tracked stocks, 30 ended higher, 29 declined, and Meesho closed flat. Newly listed LEAP India debuted at a premium but closed 12.59% below its issue price. The rally in Turtlemint came ahead of its Q1 FY27 results. Broader indices Sensex and Nifty ended lower, down 0.62% and 0.83% respectively, as elevated crude oil and geopolitical tensions weighed on sentiment.
The Indian Opinion
The narrative that all new-age tech stocks are riding a single wave is lazy. This week's sharp divergence, Turtlemint up 23% while Veefin lost 14%, shows company-specific earnings, not sector momentum, drive moves. The broader market fell on geopolitical fears and crude oil at $87, yet midcaps gained. The real test: can the Nifty hold above 24,350 as FOMC minutes and crude direction dominate next week?
Source: inc42.com
This story was synthesised by AI from the source linked above.
