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Indian tech stocks face volatility amid tariff disputes and global market shifts
The Indian equity market faced volatility from April 7 to April 11, influenced by tariff disputes and global fluctuations, with 19 out of 32 new-age tech companies declining. Notable drops included Brainbees Solutions at 8.51% and CarTrade down 7.90%, while EaseMyTrip led gains with a 9.17% increase. Historical patterns suggest that current market disruptions echo previous trade conflicts, with broader economic slowdowns posing a greater risk to India's growth trajectory.
Brainbees shares rise 7 percent as Q2 losses narrow significantly
Brainbees Solutions Ltd, the parent company of FirstCry, saw its share price rise over 7% on November 18 after reporting a narrowed Q2 loss of Rs 63 crore, down from Rs 119 crore a year earlier. Revenue increased by 26.4% to Rs 1,904.9 crore compared to the same quarter last year. The stock reached an intraday high of Rs 559.25, reflecting a positive trend following a strong market debut in August.
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