New-age tech stocks such as Zomato, Nykaa, Mamaearth, FirstCry, Paytm, CarTrade Tech among others saw a roller coster ride in their respective stock prices this week, with some stocks snapping their winning streak while others outperformed the frontline benchmarks.
New-age tech companies focus on innovative and high-growth areas. They often leverage modern technologies like artificial intelligence, machine learning, the Internet of Things (IoT), and blockchain to create unique products and services. The companies are characterized by sudden growth, high market valuations, and significant potential for disrupting traditional industries.
