IRCTC, Zomato, Infosys: Is investors' love for digital India over?

Some of the other 'digital / new-age' companies debuted at a steep valuation compared to the traditional technology firms. The rally fizzled out as they failed to make a decent profit

Investors, it seems, are shying away from stocks of companies in the 'digital' space/sector with most of the counters that comprise the Nifty India Digital index giving a negative return in the last one year. The index tracks the performance of a portfolio of stocks that broadly represent the 'digital theme' within basic industries like software, e-commerce, IT-enabled services, industrial electronics and telecom services companies.

The fall in some of these stocks in the last one year has been quite steep with the sharpest fall of around 60 per cent seen in the shares of PB Fintech Limited (parent company