The company is set to declare its Q4 financials on Monday (April 27) . In the list of gainers, five stocks — Honasa Consumer, Shadowfax, Fractal, Aequs and Groww — touched fresh highs this week. Meanwhile, Wakefit’s shares touched an all-time low of ₹141 on Thursday (April 23) this week.

The company’s shares recovered slightly to end the week at ₹142.15, still down 4.5% from last week. Cybersecurity firm TAC Infosec saw the heaviest selling this week amid concerns over AI-led disruption in the sector. The NSE Emerge-listed company’s shares plunged 13.84% to end at ₹481.

Fino Payments Bank, Yatra, and EaseMyTrip were among the other losers this week. Amid this, the cumulative market cap of 56 new-age tech stocks declined to $131.25 Bn at the end of the week from $133.72 Bn a week ago. Now, let’s take a look at some of the key developments at new-age tech companies this week: The RBI cancelled the licence of Paytm’s defunct banking subsidiary, Paytm Payments Bank.

The bank is no longer allowed to carry out any banking activity with immediate effect. The central bank will also move the High Court to start winding up proceedings. BlackBuck secured a favourable income tax ruling for FY21 and FY22, with authorities allowing ESOP expenses worth ₹106.6 Cr that were earlier disallowed.

The order follows the appellate authority’s decision, with the deputy commissioner of Income Tax setting aside the disallowance. Pine Labs is acquiring a 100% stake in Tiger Global-backed ecommerce enablement startup Shopflo for ₹88 Cr. The acquisition, which will be completed within three months, will help the company offer D2C merchants an end-to-end platform for in-store payments and merchant solutions, consumer engagement and retention capabilities, among others.

Contract manufacturer Aequs’ board approved an investment of ₹10 Cr in its toy manufacturing subsidiary, Aequs Force Consumer Products, and the merger of the subsidiary, along with AeroStructures Manufacturing India and Aequs Engineered Plastics, within itself. Shadowfax launched Shadowfax 360, a unified digital shipping platform for SMEs and D2C brands. It will allow small businesses to access Shadowfax’s logistics network across 15,000+ pincodes in 2,500 cities without minimum order commitments.

Eternal-owned Zomato withdrew a contract term that obligated its restaurant partners to match the pricing at their walk-in outlets and websites to the price offered on the platform. With that, let’s take a look at the broader market trends of the week. Weak IT Earnings Weigh On Broader Market After two weeks of recovery, markets went into a phase of correction again this week.

While Sensex fell about 2.3% to 76,664.21, Nifty 50 plunged 1.9% to end at 23,897.95. A key trigger for the decline this week was disappointing earnings and subdued outlook of IT majors. For instance, IT major Infosys, after reporting a sequential decline in revenue, gave a revenue growth guidance of 1.5%-3.5% YoY for FY27, lower than expectations.

The broad industrial outlook for India also isn’t looking as healthy. The index of eight core industries contracted 0.4% YoY in March 2026, indicating weakness across key segments. Further, Moody’s also revised India’s FY27 GDP growth forecast downward to 6%, citing weak consumption, slow industrial activity, and rising energy costs.

“Domestically, the RBI flagging early signs of an economic slowdown, softer forward-looking business confidence, and foreign brokerages’ downgrade on the Indian equity outlook overshadowed an otherwise expansionary PMI reading,” said Vinod Nair, head of research of Geojit Investments. Notably, India’s composite PMI rose to 58.3 in April from 57 in March. Meanwhile, foreign investors’ selling of Indian equities remained unabated this week.

FIIs sold equities worth ₹17,140 Cr this week. “The month-to-date trend remains the same for the tenth consecutive month, with FIIs pulling out a substantial ₹5,6360 Cr from Indian equities in the month of April till now. DIIs infused ₹39,480 Cr during the same period as per provisional exchange data,” said Pabitro Mukherjee, associate vice president of research at Bajaj Broking.

Geopolitical tensions relating to West Asia and crude oil crossing $100 per barrel also kept sentiment under pressure. Now, let’s take a look at the performance of Groww and BlueStone, who released their financial numbers this week. Groww’s Strong Performance Triggers Bull Run Groww, which reported a strong Q4 FY26 performance, on Monday (April 20) saw its shares rally throughout the week. The stock touched an all-time high of ₹223.65 yesterday and gain