Nykaa, Paytm: Recent IPOs down 48% from 52-week high. Should you buy any?

Calendar year 2021 (CY21) was one of the most remarkable years for the primary markets where nearly Rs 1.2 trillion was mopped up till early December by 66 companies

Shares of recently listed companies have been battered badly at the bourses in the recent market correction with some of these counters slipping up to 48 per cent from their respective 52-week high levels.

Among individual stocks, FSN E-Commerce Ventures (Nykaa), PB Fintech - the parent company of Policybazaar, Tega Industries, Tarsons Products, Aditya Birla Sun Life AMC, SJS Enterprises, Indigo Paints, Anand Rathi Wealth and Glenmark Lifesciences hit their respective lows since listing in the past few days. And analysts say the worst may not be over for some of them yet and suggest investors stay away from these