Zomato, Paytm: Analysts bet on new-age stocks amid improving profitability

That apart, analysts believe stable profit margins, too, are acting as tailwinds for the companies

Investors are increasingly turning optimistic about shares of new-age companies. 

From broad-based ‘sell’ calls, analysts are giving thumbs up to Zomato, Paytm, and FSN e-Commerce Ventures-owned Nykaa as these companies have shifted focus to sustainable profits.

The shares of Zomato hit a fresh 52-week high of Rs 126 apiece on the BSE on Tuesday, having rallied 15.4 per cent in one week.

Shares of Nykaa and PB Fintech also advanced 7 per cent and 21.7 per cent respectively in one week, as against the 1.6 per cent gain in the benchmark S&P BSE Sensex index.

Paytm was the only stock