New-Age Tech Stocks Gain This Week Led By Ather & Zetwerk, CarTrade Sinks 22%
The combined market cap of 69 tracked new-age tech stocks rose 5.7% to $160.94 billion. While Ather Energy and Zetwerk saw significant gains, other stocks like CarTrade and Swiggy experienced declines. Additionally, Nazara Technologies funded a $77 million acquisition tranche for Spanish gaming firms.
Key points
- Ather Energy stock rose 26.8% after reporting its first quarterly net profit.
- Nazara Technologies invested $77 million into its UK subsidiary for the acquisition of Bluetile Games and Bestplay Systems.
- The total market cap of the tracked 69 tech stocks increased to $160.94 billion.
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Inc42 did the reporting; read the original for the full story.
Read the full story at Inc42
