New-Age Tech Stocks Extend Slide as Turtlemint Drops Another 20% This Week
India’s new-age technology stocks remained under sustained selling pressure this week, with 47 counters declining as benchmark indices logged their eighth straight weekly loss. Turtlemint was among the hardest hit, extending its slide with another 20% weekly decline as investors continued to reassess valuations, profitability timelines and liquidity conditions across the sector. The weakness underscores a broader reset in sentiment toward venture-backed and recently listed internet businesses.
