Domestic indices ended the week’s last muted trading session in the red. The BSE Sensex closed below 60,630 and the NSE Nifty 50 after moving in the range of 18,016.20 and 18,145.45 settled below 18,030. The top gainers of the BSE Sensex were Power Grid (up 1.20%), HDFC Bank (up 1.02%), HDFC (up 0.87%), ITC (up 0.78%) […]
New-age stocks have been falling for quite some time as overvaluation concerns overpowered growth exuberance in such new-age listed companies. Paytm share price is down 28% from its 52-week high, Zomato is down 44%, PB Fintech is down 39%, and Nykaa is down 54%. “Pricey Valuations coupled with lack of earnings visibility continue to plague […]
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