Now Reading: Wakefit surges 17% to lead new-age tech stocks this week
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Wakefit surges 17% to lead new-age tech stocks this week
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…
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: 3 sources, 3 neutral
Sources (3): inc42.com (neutral report), inc42.com (2) (neutral report), inc42.com (3) (neutral report)
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
