That apart, analysts believe stable profit margins, too, are acting as tailwinds for the companies
This is because the stock price of Zomato is factoring in all the positives, including earnings growth
Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)
New-age companies may rise up to 29 per cent in the forthcoming seasons as market sentiment improves amid record-breaking run in benchmark indies
In the past one year, these stocks have underperformed the market by falling between 31 per cent and 53 per cent, as against 5 per cent rise in the Sensex
Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022
Companies can't forget the relationship factor in marketing
Indian retailers are still playing catch up with these customers