Analysts cautiously positive on new age stocks despite improved Q4 metrics

Nykaa, Paytm and others need to do more despite a rise in Q4 metrics, say experts

Despite a firm improvement in the operational metrics of new-age companies during the January-March quarter (Q4FY23), analysts remain cautiously optimistic about their outlook.  

This is because the shares of these firms are still not risk free, as per analysts, given the companies are yet to make profits.

Kranthi Bathini, Director-equity strategy at WealthMills Securities says that while the sentiment around these stocks, which includes Paytm and Zomato, has turned positive, it remains to be seen how soon these firms turn profitable and improve margins.

He is of the view that only those investors with a high-risk appetite can consider accumulating