Pine Labs, Zaggle Lead New-Age Tech Selloff as Q4 Earnings, Lock-In Expiries Bite

Pine Labs cratered 22% and Zaggle fell 18% this week as Q4 results and IPO lock-in expiries pressured listed new-age tech. Groww slid 8% while Nazara bucked the trend, surging 12% on block deals. Honasa won a Dubai arbitration, Ola Electric cleared a ₹2,000 Cr manufacturing investment, and EaseMyTrip approved a ₹500 Cr rights issue.

— Filed Sat, 16 May, 2026, 19:27 IST · Source Inc42 · Updated

New-age tech stocks slid this week as Q4 earnings and IPO lock-in expiries hit Pine Labs (-22%) and Groww (-8%). Swiggy seeking IOCC status; Honasa won Dubai distributor arbitration; Ola Electric approved ₹2,000 Cr manufacturing investment; Nazara surged on block deals.

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