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Paytm, Nykaa see some recovery in February so far

New-age tech firms have seen a renewed interest after their third-quarter earnings announcements on hopes of an improved outlook.

 One97 Communications (Paytm) and PB Fintech (PolicyBazaar) saw 21 percent and 19 percent surge in February respectively.


Nykaa, Delhivery, and Zomato rallied by 5 percent, 5 percent, and 1 percent respectively.

 Paytm, PB Fintech, Nykaa, and Zomato reported a jump in their revenues while Delhivery's revenue declined.


Paytm reported a net loss of ₹392 crore for the third quarter as against ₹778.4 crore a year ago.

Macquarie Capital Securities (India) Pvt Ltd has ‘double’ upgraded Paytm's parent One97 Communications Ltd's stock to 'outperform' from 'underperform'.


ICICI Securities has upgraded Nykaa from ‘hold’ to ‘add’ with potential upside of 16 percent for the stock.


Click here to know more about performance of new age stocks.

Paytm, Nykaa see some recovery in February so far; is the worst over for new-age stocks?

Shares of One97 Communications (Paytm) surged over 21 percent in February so far while PB Fintech (PolicyBazaar) rallied 19 percent this month.

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Paytm, Nykaa see some recovery in February so far; is the worst over for new-age stocks?

Shares of One97 Communications (Paytm) surged over 21 percent in February so far while PB Fintech (PolicyBazaar) rallied 19 percent this month.

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