High growth stocks tend to perform well when investors expect government bond yields to remain low as was seen in 2020-2021.
Over the past few years, Zomato and Swiggy have been neck and neck in terms of market share with each holding close to 50 percent. However, that balance is now shifting
These unicorns have raised over $80 billion from investors to date, creating a total market value of more than $300 billion.
Zomato had forayed into Canadian food delivery territory way back in 2014 with about $10 million as a part of its expansion strategy and as a useful segue into the US markets.
The selling in these stocks has been triggered by fears of higher interest rates reducing their net present value and in some cases like Paytm, doubts over their business model
Many of the new-age technology startups listed on the exchanges could be easily be categorised under the folder of 'narrative' instead of 'substance'. These are valued on the basis of price-to-sales since they have no reported profits
Barring Paytm operator One97 Communication, most of these new-age tech stocks listed with substantial premiums on their debut on the bourses driven by near euphoric interest from first-time retail investors, who were exposed to these companies in their daily life
The total income of Zomato stood at Rs 916 crore during the quarter under review. This was a massive jump from a revenue of Rs 283.5 crore it reported in the year-ago period.