New-Age Tech Stocks: EaseMyTrip Soars, Yudiz Dips

New-age tech stocks exhibited stock-specific movements this week, navigating ongoing market volatility. Out of 57 new-age tech stocks under coverage, 31 recorded gains ranging from 0.05% to nearly 24%, while 25 stocks declined between 0.30% and approximately 15%.

EaseMyTrip emerged as the top performer, concluding the week with a 23.7% increase to ₹8.35. Shares of Kissht, Ather Energy, Honasa Consumer, Shadowfax, ideaForge, SEDEMAC, and MobAvenue reached fresh highs during the week. Among these, only SEDEMAC, Yudiz, and Shadowfax managed to close the week in positive territory.

Conversely, Yudiz, listed on the NSE SME, led the list of losers, with its shares dropping 14.81% to a new low of ₹22.15. Profit-taking pressure also affected shares of BlueStone, ideaForge, and Aequs, causing them to end the week lower.

The overall market capitalization of the 57 new-age tech companies stood at $129.58 billion by the week’s end, a decrease from $131.94 billion in the preceding week.

Key Updates of the Week

Zepto Moves Closer to D-Street Debut: The quick commerce major has filed its updated DRHP with SEBI for an IPO that will include a fresh issue of ₹8,050 Cr and an offer for sale of up to 11.35 Cr shares.
Ather Energy Goes Fundraising: Ather Energy’s board has approved a plan to raise up to ₹2,500 Cr through a Qualified Institutions Placement (QIP) and other equity-linked instruments.
Pine Labs Completes Shopflo Acquisition: The fintech major finalized the acquisition of Shopflo, a SaaS startup, for ₹88 Cr, aiming to enhance its e-commerce and digital merchant payments presence.
Unicommerce Chairman Resigns: Manoj Kumar Kohli has resigned as the board chairman of Unicommerce. The company also announced a partnership with Binny Bansal’s Opptra to expand in Southeast Asia.
Aequs Doubles Down on Toys: Aequs’ subsidiary has invested an additional ₹4 Cr in Koppal Toys Molding, its step-down subsidiary, reflecting a focus on toy manufacturing.
E2E Networks Completes Mainboard Listing: The AI-focused cloud service provider debuted on the BSE mainboard, touching the upper circuit on its first day of trading.
Eternal Receives Another Tax Demand: The company has received a GST demand notice of ₹9.63 Cr from Andhra Pradesh authorities for alleged short payment of output tax.
Meesho to Acquire Kirana Club: The e-commerce major has agreed to acquire B2B commerce startup Kirana Club for ₹202.08 Cr in an all-cash deal.
Block Deals in New-Age Companies: Significant block deals occurred, with Fidelity selling Meesho shares worth ₹988 Cr and ADIA offloading Lenskart shares worth ₹1,960 Cr. Accel and IvyCap also sold BlueStone shares.

Markets Gain Amid US-Iran Deal Progress

Indian equity markets concluded the week on a positive note, with the Sensex gaining 1.7% to 75,527.95 and the Nifty 50 closing 1.1% higher at 23,622.90. Market sentiment was influenced by potential progress in talks between the US and Iran, alongside supportive measures from the RBI to strengthen the Indian rupee.

The RBI’s introduction of forex swap facilities for eligible external commercial borrowings and fresh FCNR(B) deposits aimed to boost liquidity and foreign currency inflows. These measures, coupled with easing FII selling and expectations of a US-Iran peace deal, contributed to a positive market outlook.

Lenskart Faces Pressure Amid Investor Exits

Lenskart’s shares experienced pressure as several early investors trimmed their holdings post the company’s IPO lock-in period expiry. ADIA sold shares worth ₹1,960 Cr, following exits by SoftBank and JP Morgan. Despite these exits, demand for Lenskart’s stock remained strong, with domestic mutual funds, pension funds, and global investors acquiring shares.

The company reported a 69% year-on-year jump in FY26 net profit to ₹500.9 Cr and a 33% rise in annual revenue to ₹8,814 Cr. Lenskart also acquired the remaining 7.65% stake in its analytics subsidiary, Quantduo Technologies (GeoIQ), making it a wholly owned subsidiary.

Honasa Consumer Fails to Sustain Rally

Honasa Consumer’s shares relinquished early gains despite reaching a fresh 52-week high following the announcement of an ambitious five-year roadmap. The company plans to more than double its revenue to ₹5,500 Cr by FY31 and expand EBITDA margins to over 15%. The stock hit a high of ₹437.90 but ended the week 0.6% lower at ₹413.40 due to profit booking.

Honasa’s revenue rose 16% YoY to ₹2,391.9 Cr in FY26, with net profit surging 175% to ₹200.2 Cr. The company also intends to significantly deepen its offline presence, increasing its direct retail reach to over 3 Lakh stores.