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GST overhaul lifts new-age stocks PB Fintech, Nykaa, FirstCry - The Economic Times

Economic Times

Economic Times · 23d ago

GST overhaul lifts new-age stocks PB Fintech, Nykaa, FirstCry - The Economic Times

The GST Council approved a simplified two-slab system effective September 22, reducing taxes on various goods, including life and health insurance products. This overhaul boosted new-age stocks like PB Fintech and Nykaa, while e-commerce and insurance companies expect increased consumption. Conversely, food delivery platforms like Swiggy faced setbacks. The tax reductions, particularly on everyday items, aim to stimulate sales during the festive season, although the impact on electric vehicles raised concerns for Ola Electric.

Related News

Mutual funds ramp up stakes in new-age companies by 2-3X as PE/VCs head out

Money Control

Money Control · 2y ago

Mutual funds ramp up stakes in new-age companies by 2-3X as PE/VCs head out

Improvement in profitability and funding winter attract mutual funds to firms like Paytm, Zomato, Nykaa, PB Fintech, Delhivery. Experts say MFs might look to ramp up holdings further in these new-age stocks

Zomato, Paytm Added To NSE’s F&O Stocks

Inc42 · 10m ago

Zomato, Paytm Added To NSE’s F&O Stocks

The NSE has announced the addition of new-age tech stocks, including Delhivery, Jio Financial Services, Paytm, Nykaa, PB Fintech and Zomato, to the F&O segment. This move comes as the number of new-age tech IPOs is increasing in the country. Additionally, 45 other stocks, including NHPC, Tata Elxsi, Union Bank of India, LIC, and Angel One, will also be added to the F&O segment from November 29.

Awfis, Zomato Touch All-Time High Mark Amid A Mixed Week For New-Age Tech Stocks

Inc42 · 1y ago

Awfis, Zomato Touch All-Time High Mark Amid A Mixed Week For New-Age Tech Stocks

Awfis saw a significant surge in its shares this week, gaining over 12%. Meanwhile, several new-age tech stocks, including Paytm, Zomato, Nykaa, PB Fintech, and ixigo, also experienced positive gains. On the other hand, Yudiz was the biggest loser this week, with Honasa (parent company of Mamaearth), MapmyIndia, Go Digit, and TBO Tek also experiencing losses.

Robust growth ignites rally in new-age stocks, 45% gains made in 6 months

Economic Times

Economic Times · 1y ago

Robust growth ignites rally in new-age stocks, 45% gains made in 6 months

New-age stocks have experienced a strong revival, driven by revenue growth and improved profitability. Increased investments from overseas funds and demand for recent public offerings have contributed to the rally. Analysts believe these stocks could continue to perform well if they maintain their growth momentum. The ET E-commerce Index, consisting of 13 new-age companies, has outperformed other indices, such as the Nifty Index and Nifty IT Index. Stocks like Zomato, PB Fintech, Paytm, Nykaa, and CarTrade Tech have seen significant gains in the past six months. Improved capital allocation and efficient fund usage have also played a role in their success. However, these stocks are considered high-risk investments.

New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week

Inc42 · 2y ago

New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week

Indian new-age tech stocks experienced a mixed performance this week, with some stocks declining while others registered gains. Among the losers were Yudiz, PB Fintech, Nazara Technologies, Delhivery, Paytm, and RateGain. On the other hand, DroneAcharya emerged as the biggest gainer, followed by Nykaa, Zomato, ideaForge, and EaseMyTrip. The broader market saw a positive trend, with benchmark index Nifty 50 gaining 1.88% and Sensex rallying 1.86%. Paytm shares fell 2.3%, while Zomato continued its rally, touching another 52-week high. DroneAcharya gained 14.5% after launching the BHUJANG drone.

Broader Market Bull Run Lifts Up New-Age Tech Stocks This Week, RateGain Nears $1 Bn M-Cap

Inc42 · 1y ago

Broader Market Bull Run Lifts Up New-Age Tech Stocks This Week, RateGain Nears $1 Bn M-Cap

The broader market bull run has positively impacted new-age tech stocks this week, with 13 out of 19 stocks under Inc42's coverage showing gains ranging from 1% to 15%. Tracxn Technologies emerged as the top gainer with a 14.8% increase in shares. On the flip side, Paytm continued to decline, falling by over 7% this week. Delhivery also saw a decline of over 7%. Benchmark indices Sensex and Nifty50 both experienced gains of 2.4% and 2.3% respectively. SoftBank also offloaded a significant portion of its stake in PB Fintech, and shares of Paytm and Delhivery reached their lowest levels in months.

How did Paytm, Zomato & other startup stocks react amid market crash?

Inshorts · 1y ago

How did Paytm, Zomato & other startup stocks react amid market crash?

Shares of listed new-age tech companies declined up to 17% as stock market crashed amid counting of votes on Tuesday. Paytm hit a lower circuit of 5%, while Zomato and Mamaearth parent Honasa Consumer fell 16% and 17%, respectively. Shares of Delhivery and Nykaa fell by over 8% each and PB Fintech fell by 6%.

Nazara Tanks On Gaming Ban Amid A Bullish Week For New-Age Tech Stocks

Inc42 · 1m ago

Nazara Tanks On Gaming Ban Amid A Bullish Week For New-Age Tech Stocks

This week, 33 of 36 new-age tech stocks covered by Inc42 experienced gains from 0.16% to 28%, driven by the GST rate structure overhaul announced by Prime Minister Modi, which boosted investor sentiment in the Indian equities market. The total market capitalization of these stocks reached $105.33 billion, up from $100.2 billion the previous week. The Indian equities market saw the Sensex and Nifty 50 indices rise by 0.9% each for the second consecutive week.

New-Age Tech Stocks Surge In The First Week Of FY25, Tracxn The Biggest Gainer

Inc42 · 1y ago

New-Age Tech Stocks Surge In The First Week Of FY25, Tracxn The Biggest Gainer

In the first week of FY25, Indian new-age tech stocks performed well with 16 out of 19 stocks seeing gains. DroneAcharya, PB Fintech, CarTrade Technologies, EaseMyTrip, Zomato, and Paytm were among the biggest gainers. However, Nazara Technologies, RateGain, and IndiaMART experienced declines. The broader market, represented by Nifty50 and Sensex, also saw gains. Volatility was attributed to factors such as US bond yields, crude oil prices, and geopolitical tensions. Market focus is expected to shift to Q4 earnings season next week. Zomato's shares reached an all-time high, while PB Fintech closed at a 28-month high. IndiaMART emerged as the biggest loser.

New-Age Tech Stocks Rally In Volatile Election Result Week, Nazara Emerges Top Gainer

Inc42 · 1y ago

New-Age Tech Stocks Rally In Volatile Election Result Week, Nazara Emerges Top Gainer

Seventeen out of the 23 new-age stocks covered by Inc42 experienced gains this week, ranging from 0.3% to over 15%. PB Fintech, EaseMyTrip, and Yatra saw minimal declines, while Mamaearth, CarTrade, and Yudiz experienced larger declines. The market rebounded towards the end of the week following the formation of the new government, with Sensex and Nifty gaining 3.69% and 3.37%, respectively.

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