Key Points
Five out of six new-age stocks that made their way to Dalal Street during the flourishing market period of 2021 have suffered double-digit cuts between 16-52% in financial year 2023, causing an erosion of Rs 84,742 crore in market cap..
Nykaa suffered the maximum losses at 53%, trailed by Zomato, CarTrade Tech, Delhivery, and PB Fintech..
NEW DELHI: The financial year 2023 has come to a close and not much has changed for the investors who put their money in the new-age companies that flocked to Dalal Street during the euphoric market period of 2021...
Lack of valuation comfort and rising interest rate scenario have turned these high-growth stocks into wealth destroyers...
These new-age stocks will take anywhere between 2-4 years to turn around their bottomline or make meaningful valuation recovery..
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