Paytm, Nykaa: Will 2022's bloodbath in new-age stocks continue in 2023?

Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022

After a dismal 2022 that saw their stock prices crash between 41 per cent and 60 per cent, most analysts still remain wary of stocks of new-age companies from a one-year horizon. They suggest investors remain selective and opt for stocks of companies that have strong management and a definite roadmap towards profitability besides being capital efficient.

Among the lot, the board of One97 Communications – the parent company of Paytm – met on Tuesday to decide the quantum of share buyback amid a steep correction in its stock. Analysts believe the company's decision to go for such a move