New-age tech stocks rally; Nykaa, Ather, Delhivery hit 52-week highs as sentiment recovers
A broad rally lifted new-age retail and consumer stocks, with Nykaa, Honasa, Delhivery and Shadowfax touching 52-week highs. Ather jumped 13.4% on strong June registrations (29,422 units, 16.2% share) and Delhi's EV policy. Swiggy rose 3.1% to ₹248.15, while FirstCry slipped 1.7% as unit Swara Baby filed a ₹1,000 Cr IPO. Combined market cap of 58 firms hit $139.29 Bn.
New-age tech stocks rallied with Nykaa, Ather, Honasa, Delhivery, Shadowfax hitting 52-week highs. FirstCry's Swara Baby filed ₹1,000 Cr IPO; Lenskart simplified group structure; Swiggy Instamart named new CBO; Ather gained on Delhi EV policy and strong registrations.