# Wakefit surges 17% to lead new-age tech stocks this week

2026-08-22T15:33:48+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet (3 source reports)

Wakefit emerged as the top gainer among new-age tech stocks tracked by Inc42, surging 16.69% to close at Rs 141.55. Of the 61 stocks with a full week of trading, 34 ended in the green. Klassroom, Zelio E-Mobility, Turtlemint, and Lenskart touched fresh 52-week highs during the week. Logistics tech company LEAP India followed with an 11.75% rise to Rs 162.15. Ecommerce enablement platform Shiprocket made a strong market debut this week, gaining 8.58% from its listing price over its first three trading sessions. The stock's IPO was worth Rs 1,617.5 crore. Meanwhile, 27 stocks declined, with SME-listed Yudiz and TAC Infosec among the biggest laggards. AI cloud provider E2E Networks fell 9.68% to Rs 622 after a prolonged rally. The Indian benchmark indices Nifty 50 and Sensex declined for the second consecutive week amid geopolitical tensions and elevated crude oil prices.

## Indian Opinion Analysis

All three sources are from Inc42, which consistently delivers straight data-driven reporting without editorial slant. The coverage is uniform: the weekly stock tracker leads with Wakefit's gain, the market cap tracker lists 62 companies, and the FY26 financial tracker reports aggregate revenue of Rs 3 lakh crore. No source frames the market movement as a government success or failure, the focus is purely on company-specific performance and IPO activity. The careful reader should note that while 71% of tracked startups reported profits, cumulative losses from the remaining 23 firms exceeded profits, indicating the profitability divide persists. Watch for Shiprocket's sustained performance post-listing and Turtlemint's upcoming public debut.

## Coverage

Coverage: 3 sources, 3 neutral
- inc42.com (neutral report) <https://inc42.com/buzz/wakefit-surges-17-to-lead-new-age-tech-stocks-this-week-lenskart-turtlemint-hit-new-highs/>
  Straight weekly market data with no political or ideological slant
- inc42.com (2) (neutral report) <https://inc42.com/features/indian-listed-new-age-tech-company-tracker-market-cap-revenue-more/>
  Market cap tracker with factual listing data only
- inc42.com (3) (neutral report) <https://inc42.com/features/fy26-financial-tracker-tracking-the-financial-performance-of-indian-startups/>
  FY26 financial tracker with revenue and profit numbers

This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources. Last updated 2026-08-22T16:20:54+00:00.

Tags: Inc42, Lenskart, Nifty 50, Shiprocket, Turtlemint, Wakefit
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How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/