After Zomato, is Motilal Oswal ready to start covering other new age stocks? Gautam Duggad answers

Zomato’s path to profitability will determine its stock performance, with the company having already experienced a correction, according to Gautam Duggad of Motilal Oswal Financial Services. The success of the sector will depend on sequential revenue movements, new customer additions and operating leverage. The company could break even by 2025. Duggad also commented on Nykaa and PB Fintech, stating that they are facing difficulties given the current atmosphere of hesitant discretionary consumption.