New-Age Tech Stocks Witness A Volatile Week; TAC Infosec Top Gainer
India, May 5 -- Indian new-age tech stocks witnessed mixed performance this week as the broader market also remained volatile amid global political tension and FIIs continued to sell domestic shares.
We must note that the Volatility Index India (VIX) rose sharply over 8% on Friday (May 3), indicating significant volatility and cautiousness in the market.
Eight out of the 20 new-age tech stocks under Inc42's coverage increased this week in a range of 0.9% to 27%, with TAC Infosec emerging as the biggest gainer for the third straight week.
In early April, the stock got listed at INR 290 on the NSE Emerge and has rallied over 116% since then, currently trading at INR 626.75.
On the other hand, following its Q4 FY24 earnings, shares of In...
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