Indian New-Age Tech Stocks Rise as Ather Reports Maiden Net Profit

31 Oct 2026, 8:26 pm · 3h ago · 1 min read · Inc42New

Indian new-age tech stocks advanced this week, lifting the combined market capitalization of 69 tracked companies by 5.7% to $160.94 billion. Ather Energy led the rally with a 26.8% surge to close at ₹1,755.05 after posting its maiden quarterly net profit. Recently listed Zetwerk gained 18%, while Tonbo Imaging rose 15.3%. In corporate developments, gaming firm Nazara Technologies infused $77 million into its UK subsidiary to fund acquisitions of Spanish studios Bluetile Games and Bestplay Systems. Meanwhile, AI cloud provider ESDS announced that chief technology officer Sajiv Nair resigned for personal reasons.