Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)
Stocks of new-age companies have seen a mixed performance thus far in calendar year 2023 (CY23). While those of One97 Communications (parent company of Paytm), PB Fintech and Zomato have surged up to 65 per cent year-to-date (YTD), FSN e-commerce, the parent company of Nykaa, however, has dropped 15 per cent YTD. By comparison, Nifty50 and Nifty 500 indices have advanced 7.5 per cent and 9 per cent, respectively, during the period, ACE Equity data show.
Source: https://shorturl.at/guTV5
