Archive · 3 Aug 2025
New-Age Tech Stocks Fall Amid Market Downturn; CarTrade Gains
The stock market saw a tough week for new-age tech companies.
Many stocks went down, with MobiKwik losing the most value.
This happened because of things like US tariffs on Indian goods, and some companies not doing as well as expected.
However, CarTrade did well and its stock went up.
Overall, the market has been struggling for a few weeks because of worries about the economy and international trade.
New-age tech stocks experienced a decline for the second consecutive week due to weak investor sentiment and broader market trends.
MobiKwik's shares fell the most, dropping 8.65% after reporting disappointing quarterly results.
ideaForge and Fino Payments Bank also saw significant drops in their stock values.
CarTrade's stock surged 14.69% after reporting a profitable quarter, reaching an all-time high.
The Indian equity market declined for the fifth week in a row due to US tariffs, weaker-than-expected earnings, and geopolitical tensions.
- Who
- Investors, specific tech companies like MobiKwik, and CarTrade.
- What
- New-age tech stocks experienced a downturn due to investor sentiment and market pressures.
- When
- During the week of the report.
- Where
- Indian equity market
- Why
- Weak earnings, US tariffs, and a negative investor sentiment contributed to the decline.
Positive (CarTrade)
Negative (Other Tech Stocks)
Company Performance
Positive (CarTrade)
CarTrade reported strong financial results.
Negative (Other Tech Stocks)
Other tech companies struggled financially.
- MobiKwik Share Drop
- 8.65%
- CarTrade Stock Increase
- 14.69%
- CarTrade Profit Growth
- 106% YoY
- Sensex Decline
- 1.5%
- Nifty 50 Decline
- 1.3%