Swiggy jumps 10% to ₹273 as Ola Electric, Pine Labs slide in weekly new-age tech review

Swiggy rallied 10.05% on nearing IOCC status despite FSSAI notices on Instamart, while Ola Electric fell 9.11% and Pine Labs 6.86%. Nykaa and Lenskart hit fresh highs; Nykaa and Honasa project ~30% YoY topline growth in Q1 FY27. Cumulative m-cap for the basket stood at $134.45 Bn.

— Source publishedSat, 11 Jul, 2026, 20:24 IST·First seen Sat, 11 Jul, 2026, 21:21 IST·Source Inc42

What happened

Weekly new-age tech stock review: Nykaa and Honasa project ~30% Q1 growth; Swiggy rallies on nearing IOCC status despite FSSAI notices on Instamart; Ola

Key facts

  • Nykaa/Honasa ~30% YoY Q1 FY27 topline growth projection
  • Swiggy up 10.05% to ₹273.10
  • Ola Electric down 9.11% to ₹40.42
  • Pine Labs down 6.86% to ₹145.35
  • FirstCry down 3.26% to ₹211.95
  • Swiggy foreign ownership 49.76%
  • cumulative m-cap $134.45 Bn

Why this matters

With Nykaa and Honasa guiding ~30% YoY topline growth for Q1 FY27, the profitable-growth cohort is separating from the loss-leaders, sharpening our M&A and partnership targeting.

What to watch

  • FSSAI enforcement action or resolution on Instamart
  • Formal Swiggy IOCC/index inclusion confirmation and passive flow dates
  • Q1 FY27 actual results vs ~30% guidance for Nykaa and Honasa
  • Ola Electric delivery/margin data and Pine Labs IPO or funding updates
  • Basket m-cap breach above/below $134Bn as risk-appetite gauge
  • Watch for MSCI/index inclusion flows into Swiggy post-IOCC status
  • Reassess Ola Electric and Pine Labs on further weakness for oversold bounce vs structural exit
  • Overweight Nykaa/Lenskart on high-visibility topline growth momentum
  • Monitor Instamart compliance response for Swiggy sentiment reversal

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