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