India’s equity markets experienced mixed investor sentiment this week, affecting the performance of new-age tech stocks, with notable gains and losses.
New Delhi, India Jul 11, 2026 ALN: India’s equity markets saw mixed investor sentiment this week, which trickled down to the performance of listed new-age tech stocks. While 29 of the 57 new-age tech companies gained in a range of 0.24% to over 15%, 27 companies fell in a range of 0.37% to 9.11%.
Extending last week’s rally, MapmyIndia emerged as the biggest gainer this week. The stock gained 15.38% to end the week at ₹1,083.50. PhysicsWallah surged 13.5% to close at ₹147.95.
Nine stocks – RateGain, Shadowfax, Lenskart, Honasa Consumer, Delhivery, Kissht, Aequs, Nykaa, Ather Energy, and Amagi – touched fresh highs this week.
Meanwhile, Ola Electric emerged as the biggest loser as it faced three insolvency petitions from its users. The stock plunged 9.11% to end the week at ₹40.42. Shares of fintech major Pine Labs fell 6.86% to end at ₹145.35.
FirstCry was the only new-age tech company to touch an all-time low at ₹202.70 on July 9 (Thursday) and ended the week 3.26% lower at ₹211.95 on the BSE.
Overall, the cumulative market capitalisation of 58 new-age tech companies stood at $134.45 Bn at the end of the week as against $139.29 Bn at the end of the previous week.
With that, let’s take a look at some of the key developments at the new-age tech companies this week.
With that, let’s take a look at broader market trends this week.
Amid fresh strikes between the US and Iran, Sensex fell 0.25% to close at 77,569.39, while the Nifty 50 slipped 0.26% to settle at 24,206.90.
“Indian equities experienced a volatile week, with early optimism giving way to a sharp bout of risk aversion mid-week as escalating tensions in West Asia sent crude prices higher,” Geojit’s research head Vinod Nair noted.
However, the sell-off proved to be short-lived, as investor sentiment improved significantly after taking a hit in the early sessions. The rally was supported by encouraging Q1 business updates from the banking and IT sectors.
This helped the market regain their footing, driving a broad-based recovery towards the end of the week.
Meanwhile, FPIs infused ₹15,156 Cr in the Indian equity market during the week. “This is a positive development. India’s improving macros and stability in the rupee have contributed significantly to this pivot in FPI flows. Weakness in the chip trade and FPIs turning sellers in markets like South Korea also have contributed to the inflows towards India. This trend is likely to continue unless the geopolitical scene in West Asia turns worse,” Geojit’s chief investment strategist VK Vijayakumar said.
With that, let’s take a look at the performance of Swiggy and Ola Electric this week.
In further troubles for the Bhavish Aggarwal-led company, three fresh insolvency pleas were filed against it this week by vendors – Sterling E-Mobility Solutions, Anevolve Mando eMobility and Seoyon E-Hwa Summit Mobility Krishnagiri – over alleged unpaid dues.
Ola Electric, in an exchange filing, said the petitions by Sterling E-Mobility and Anevolve Mando stem from “pre-existing disputes” that are already under arbitration. The EV company said it had raised warranty and performance concerns regarding certain parts supplied by the two vendors.
Last year, Ola Electric’s registration service provider Rosmerta Group had also filed an insolvency plea against the company. However, the issue was resolved later.
The company has been facing challenges ranging from regulatory issues to customer complaints for more than a year now. As a result, its shares have been under pressure. This week, the stock plunged 9.11% to end at ₹40.42. However, the shares are trading 11% higher on a YTD basis as the company seeks to recover market share.
Swiggy remained in the spotlight for two major developments this week.
In what is seen as a significant win for the company, Swiggy managed to bring its foreign ownership below the 50% threshold. Its aggregate foreign investment stood at 49.76% of its paid-up equity share capital on a fully-diluted basis as of July 6, 2026, according to depository data.
The development triggered a rally in the stock earlier in the week. However, brokerage JM Financial said that while reducing foreign ownership below 50% was a key prerequisite for qualifying as an Indian-Owned-and-Controlled Company (IOCC) under FEMA, it was not sufficient on its own.
“Swiggy will also need to complete the requisite governance changes, including demonstrating that ownership and control vest with resident Indian citizens/entities. As per our reading of official requirements, the test for IOCC eligibility is based on the ownership and control position at end-March of the previous fiscal year,” the brokerage noted.
Later in the week, Swiggy’s affordable food delivery vertical Toing came under the FSSAI’s scanner. “The matter related to certain observations by FSSAI regarding updation of licence particulars and involved no food safety concerns,” Swiggy said.
The company said it addressed the food regulator’s observations and received a modified FSSAI licence on July 9. It added that no monetary penalty had been imposed and the order had no major impact on its operations or financial position.
A day later, it emerged that the food regulator issued nine notices to Swiggy Instamart following consumer complaints over alleged delivery of expired, spoiled and contaminated food products.
Amid all these, the company’s shares ended the week 10.05% higher at ₹273.10.
Edited by: Vinaykumar Rai
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