New-Age Tech Stocks | Paytm, Zomato outperform Nifty 50 this week, CarTrade biggest gainer; Nykaa reduced to ‘sell’ | Stock Market News
Source: Live Mint
New-age tech stocks such as Zomato, Nykaa, Mamaearth, FirstCry, Paytm, and CarTrade Tech, among others, saw roller coaster rides in their respective stock prices this week. Some stocks snapped their winning streaks, while others outperformed the frontline benchmarks. New-age internet stocks have lately generated a buzzing interest among D-Street investors due to their attractive valuations and consumer-centric business mandate approach.
New-age tech companies focus on innovative and high-growth areas. They often leverage modern technologies like artificial intelligence, machine learning, the Internet of Things (IoT), and blockchain to create unique products and services. The companies are characterized by sudden growth, high market valuations, and significant potential for disrupting traditional industries.
