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

Economic TimesEconomic Times · 2m
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.

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