New-age tech companies in India, despite grand IPOs, are facing a harsh reality in the stock market. Many, including Paytm and Nykaa, have seen their stock prices plummet, highlighting investor concern over profitability. While Zomato has shown a turnaround, upcoming IPO hopeful Swiggy’s path to profitability remains a key concern for potential investors.
Posts in category Economic Times
Share price of Voltas as Nifty (05-11-2024)
A total of 12,537 shares changed hands on the counter till 09:58AM (IST).
Stock market update: Nifty IT index 0.1% in a weak market (05-11-2024)
The Nifty IT index was trading 0.1 per cent at 40461.05.
Gold Price Today: Yellow metal prices fall by Rs 1,000/10 gm in a week, silver down by Rs 4,600/kg (05-11-2024)
Gold and silver prices dipped slightly in early Tuesday trading as investors took a cautious stance ahead of the U.S. Presidential election. Despite a weakening dollar and mixed global equities, analysts predict continued volatility in precious metals throughout the week due to major market events.
Tata Steel Q2 results preview: Falling realisations, rising costs may lead to Rs 153 crore loss (05-11-2024)
Tata Steel may report a loss for the second quarter of FY25. Analysts predict declining realizations and rising costs will impact both domestic and European operations. While sales volume has increased, lower steel prices are expected to affect revenue. EBITDA may decline due to weaker realizations.
Reduce V-Guard Industries., target price Rs 420: HDFC Securities (05-11-2024)
HDFC Securities advises reducing holdings in V-Guard Industries with a target price of Rs 420, although it currently trades at Rs 438.7. V-Guard reported a slight decline in total income for Q2, but improvements in certain segments were noted. The Sunflame brand underperformed, and rising costs limited profit margin growth. Promoters and institutional investors hold substantial stakes.
Maruti Suzuki, IndusInd Bank among 10 stocks that earned downgrades in last 1 month (05-11-2024)
Several stocks, including IndusInd Bank, Bajaj Finance, and Nestle India, have seen target price downgrades from analysts, with revised targets indicating upside potential ranging from 7% to 42% from current prices.
Bullish Momentum: 3 stocks with White Marubozu Pattern on November 4 (05-11-2024)
Eicher Motors’ Royal Enfield launches its first electric motorcycle, the Flying Flea C6, marking entry into the EV space. The bike features innovative design, with 28 patents and in-house developed tech.
Sensex extends losses to 2nd session, drops over 150 points; Nifty below 24k mark (05-11-2024)
Indian benchmark equity indices continued their decline for a second day, driven down by major players like HDFC Bank and Reliance Industries. This followed the previous day’s steepest drop in a month, attributed to the U.S. election uncertainty.