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.
What happened
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
Key facts
- Nykaa 52-week high
- Swiggy ₹248.15 (+3.1%)
- Ather stock ₹1,130.20 (+13.36%)
- Ather June registrations 29,422 units
- Ather market share 16.2%
- Ather ₹2,500 Cr raise
- FirstCry shares ₹219.10 (-1.73%)
- Swara Baby ₹1,000 Cr IPO
- GST collections ₹1.95 Lakh Cr (+13.9% YoY)
- 58 new-age cos market cap $139.29 Bn
What to watch
- July registration/GMV data confirming or breaking June momentum
- Q1 FY earnings prints on path-to-profitability for the cohort
- Delhi/other state EV policy notifications materializing into demand
- IPO pricing and listing pops for pipeline names
- FII flow direction and broader small/mid-cap risk appetite
- Any regulatory or lock-in expiry / promoter selldown news
- Track monthly EV registration data for Ather vs Ola/TVS to validate 16.2% share durability
- Watch Delhivery/Shadowfax logistics volume prints and margin commentary ahead of festive season
- Assess Swara Baby ₹1,000 Cr IPO reception as a proxy for new-age listing appetite
- Monitor Nykaa/Honasa quarterly beauty & personal care growth vs premium valuations
- Gauge whether Swiggy's move reflects quick-commerce (Instamart) profitability progress