2 weeks ago

Turtlemint Leads Weekly New-Age Tech Stock Gains, Veefin Biggest Loser

Turtlemint Leads Weekly New-Age Tech Stock Gains, Veefin Biggest Loser
Turtlemint Jumps 23% To Lead Weekly Gains In New-Age Tech Stocks, Veefin Biggest Loser · inc42.com

Every week, people watch how the prices of stocks, or tiny pieces of companies, go up and down.

This week, the Indian stock market had a race between many new technology companies.

A company called Turtlemint, which helps people buy insurance online, had the biggest jump in its stock price.

Another company called Veefin, which helps businesses manage their money, had the biggest fall.

Some companies gave their report cards for the first three months of the year, which made investors happy or worried.

A brand-new company called LEAP India started selling its stock for the first time.

Its stock went up at first, but then people sold it and the price fell below the starting price.

Meanwhile, the main Indian stock market went down a little because oil prices were high and there were worries in the world.

In the end, about the same number of stocks went up as went down.

Key facts

Top Gainer
Turtlemint, +22.64% to ₹137.30
Top Loser
Veefin Solutions, -13.76% to ₹246.90
Weekly Stock Count
30 stocks up, 29 down, Meesho flat at ₹191.25
LEAP India Debut
Listed at 4.4% premium, closed 12.59% below issue price at ₹145.10
Combined Market Capitalisation
$162.73 Bn across 61 listed new-age tech companies
Benchmark Indices
Sensex -0.62% at 78,009.25; Nifty -0.83% at 24,366
Turtlemint Q1 FY27
Revenue ₹294.1 Cr (up 40% YoY); net loss ₹37.8 Cr (narrowed 19%)
Veefin Q1 FY27
Net profit ₹9.5 Cr (down 40.5% QoQ); revenue ₹114 Cr (down 13.2% QoQ)

Sources

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