New Age Tech Companies

Swiggy shares, which had seen good demand especially from mutual funds during the anchor allocation round, made a decent debut on Dalal Street today. Mutual funds invest a small portion in these companies to avoid missing out on potential business model success despite the risks, experts say.

Old vs New: Why Khemka prefers Indian IT services over new age tech

Khemka said that investors "must evaluate threats instead of writing off a sector, because if we were to do that, the Indian IT services sector would have been written of at least 4-5 times over the past two decades."

Earnings momentum unlikely to resume soon, says Harsha Upadhyaya of Kotak MF

Harsha Upadhyaya, CIO Equity at Kotak Mutual Fund, expects a range-bound market in the near term, citing the unlikely resumption of earnings momentum. He remains cautious on the IT and new-age space and is bullish on sectors with steady earnings growth, such as banking, auto, cement, and industrials.

New-age stocks’ valuations now sensible, says Nippon MF’s Sailesh Raj Bhan

They are off their sky-high valuations even if they are still not cheap, he says; is underweight on FMCG companies

PB Fintech shares jump as CEO reiterates profitability target

Shares of PB Fintech rose more than 4 percent on February 22 as CEO Yashish Dahiya reiterated the company's previous expectation of achieving profitability of Rs 1,000 crore by FY26/FY27.

How do Nykaa's profitability goals look in light of increasing competition?

Although Nykaa is showing profitability, the business fundamentals look challenging as it faces competition in the BPC and fashion segments. A faster turnaround in the fashion segment and strategic initiatives may provide optimism to investors.

Falling share prices, poor financials: New-age tech companies and pain in MF portfolios

Shares of Delhivery, the Indian logistics and supply chain company, fell by 31 percent last week on the back of moderate growth outlook. Some other new-age companies, like PB Fintech, fell too. Some fund houses that had bought new-age technology companies’ shares in their initial public offerings (IPOs) are now faced with the dilemma of what to do with them: hold for long-term prospects or exit and cut losses. Here are the fund houses that are still holding on to their shares