Consumer tech stocks add Rs 80,000 crore in a week
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India’s new-age technology stocks staged their strongest weekly rally in months, adding over Rs80,000 crore in market capitalisation as improving global cues and renewed investor appetite lifted valuations across the board.
Fifty-two of 56 consumer tech companies ended in the green, taking the segment’s total valuation to Rs12.02 lakh crore. The rally followed a temporary ceasefire in West Asia that softened crude prices, eased macro concerns, and pushed investors back toward high-growth digital businesses. Benchmark indices Sensex and Nifty rose about 6% during the week, providing a supportive backdrop.
Ola Electric emerged as the standout performer, surging 44.27%, one of its sharpest weekly gains. The move was driven by improving sentiment around electric mobility and better visibility on production ramp-up and deliveries, according to market participants.
Among other gainers, Delhivery rose 13.28%, Honasa Consumer climbed over 13% on strong Q4 guidance, and PB Fintech added 10.27%, reflecting broad-based buying across consumption and fintech names.
A structural shift within the segment is becoming increasingly visible. Zomato’s parent Eternal, with a market capitalisation of roughly Rs2.07 lakh crore, now accounts for more than one-sixth of the total valuation of India’s listed new-age tech universe. The combined market value of Paytm, Nykaa and PB Fintech still trails Eternal, underscoring its outsized influence on sector sentiment.
“The recent move reflects a reset in risk appetite toward growth assets, but sustainability will depend on visible profitability and margin expansion in FY27,” analysts at Motilal Oswal Financial Services said, adding that select internet companies could see further upside of 15–20% if execution remains on track.
Outside the listed space, momentum is building as well. Groww rose 17.54% in secondary market trades, while Lenskart gained 12.92%, indicating a potential revival in IPO activity if valuations remain supportive.
Losses were minimal, with Swiggy slipping 0.18% and Go Digit declining 0.36%, highlighting the one-sided nature of the rally.
With the March-quarter earnings season approaching, analysts caution that the re-rating will hold only if companies demonstrate improving unit economics and a clearer path to profitability.
