Nykaa, Paytm and Zomato SHARES: Where Are The Stocks Headed?

Shares of new-age internet companies are in focus after the lock-in period expired for their pre-IPO investors

Nykaa, Paytm And Zomato In Focus

Private equity player TPG Growth offloaded 5.42 crore shares of Nykaa in a block deal. High-net-worth individuals and PE/VC funds have sold part of their holdings in the company

Nykaa Continues A Downward Spiral

Recently, the one-year lock-in period for Nykaa pre-IPO shareholders expired and the scrip also turned ex-bonus the same day. Shares of Nykaa ended 4.5% lower at Rs 175.20 on November 22 on BSE

Nykaa Share Price

Recently, Softbank sold
29 million shares of Paytm through a block deal. Ever since the lock-in expiry, investors have been
diluting their stakes

Paytm Down Over 70% From All-Time High

Shares of Paytm hit a fresh 52-week low and ended 11% lower at Rs 477.10 on November 22 on BSE

Paytm Share Price: Fresh 52-Week Low

Shares of Zomato tanked 4% in Monday's trading session after the company's co-founder Mohit Gupta resigned from the company. According to some reports, the company plans to lay off 4% of its workforce to cut costs

Zomato In Focus

The stock is down over 60% from its all-time high of Rs 161.25, which it hit on November 25, 2021. On November 22, shares of Zomato ended 0.5% lower at Rs 63.95 on BSE

Zomato Share Price

According to Divam Sharma, Founder, Green Portfolio, there could be trading bounces, but investors should still stay away from these new-age companies, which are trying to juggle between growth and profitability in the near term

What's Next For Nykaa, Paytm And Zomato Shares?

Divam Sharma believes that maintaining high growth and profitability to justify the valuations will be tough for these companies going forward

Tough Road Ahead For Nykaa, Paytm And Zomato?

The Green Portfolio Founder added, “Key PE and anchors dumping the stocks of Paytm, and Nykaa at such discounted levels are also a concern. We believe these stocks will follow trends from Nasdaq.”

Analysts On Nykaa, Paytm And Zomato Shares

Stocks mentioned in the story are for information purpose only. Investors or market participants should consult their financial advisors before taking any position 

Disclaimer

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Story by: Tanya Aneja
Designed by: Pragati

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