HDFC Securities lists 5 top internet stocks to buy
Updated: 21 Jul 2022, 12:42 PM IST
TL;DR.India internet has been a theme in focus in recent times. According to HDFC Securities, most internet companies have strong growth visibility but more investments will be required to sustain the momentum. The latest buzzword in the Indian startup ecosystem is not technology and disruptive business model but “profitability”, which can be driven by the decline in funding activity and fall in valuations, HDFC stated. The brokerage likes high-quality and profitable franchises in this space. Let's take a look at its top 5 picks.