Nykaa stock has risen around 12 percent so far in 2023, slighltly outperforming benchmark Nifty 50 which has risen around 8 percent during this time.
Andrew Holland believes that the markets have taken the more negative side of arguments towards new-age tech stocks, which could become the big companies of the future
A bunch of mutual fund houses are bottom-fishing in new-age tech stocks, with Zomato and Nykaa being among their top stock picks for April. While they’ve bought shares of Paytm too, its quantum is not as large as the other two. But is the tide really turning in favour of these new-age tech stocks - or should conservative investors still stay away? Watch to find out!