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Nykaa, Paytm, Zomato: How to trade new-age companies post Q4 results?

Barring Fsn E-Commerce Ventures and Delhivery, Zomato, Paytm, and PB Fintech may rally up to 19%, show technical charts

The combined net profit of 20 cyclical companies in the index is expected to grow by 38.8 per cent YoY to Rs 1.01 trillion
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Q4 results

Avdhut Bagkar Mumbai

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The corporate earnings of new-age companies showed a mixed texture in recently concluded quarter. While Zomato, PB Fintech and One 97 Communications witnessed a substantial rise in revenues with narrowing losses, Fsn E-Commerce Ventures reported 71 per cent decline in its consolidated net profit year-on-year (YoY). Delhivery too reported growing losses.

On Friday, Shares of One 97 Communications and Delhivery were seen trading in the green, while Zomato, PB Fintech, and Fsn E-Commerce Ventures were down between 3 per cent to 1 per cent.

Here’s the technical outlook to understand their next trending move:-

Zomato Ltd (ZOMATO)
Likely target: Rs 80

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First Published: May 26 2023 | 11:27 AM IST

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