New-age stocks have been falling for quite some time as overvaluation concerns overpowered growth exuberance in such new-age listed companies. Paytm share price is down 28% from its 52-week high, Zomato is down 44%, PB Fintech is down 39%, and Nykaa is down 54%. “Pricey Valuations coupled with lack of earnings visibility continue to plague several New Age stocks across segments and investors are...

FSN E-Commerce, the parent company of Nykaa, reported a 68% on-year fall in its net profit to Rs 9.2 crore for the third quarter of the current fiscal, as compared to Rs 29 crore in the year-ago period. The revenue from operations jumped 33% to Rs 1462 crore from Rs 1098 crore in the same period the previous year. On Monday ahead of the quarterly results, Nykaa shares closed 2.68% lower at Rs 150....

Indian equity indices were trading over half a percent higher amid positive sentiment in the global markets. The 30-share BSE Sensex rose 431.75 points or 0.71% to 61,087.47 in the intraday trade and NSE Nifty 50 jumped 118.10 pts or 0.67% to 18,171.40. All the broader market indices were trading in green except Nifty Next 50, which fell 0.20%. Nifty 100 was up 0.49%, Nifty Midcap 50 was up 0.53%,...

Domestic indices Nifty and Sensex trade in the red after opening in the positive territory. Nifty gave up the 18,150 level while Sensex dropped 280 points to trade at 60,773. Pharma stocks rally for the second session as Covid fear looms. Adani Enterprises, Axis Bank, Infosys, HDFC Bank and Reliance Industries are the most active Nifty 50 stocks intraday.Nifty 50 Gainers and LosersOn the NSE Nifty...

BSE Sensex and NSE Nifty trade in the green after starting the session flat amid mixed global cues. Nifty gains 0.62%, reclaiming the 18,350 level to trade at 18,381 while Sensex is at 61,628, adding 0.47% as bulls attempt to stage a recovery. Sugar stocks are surging in trade as reports suggest the government may increase the export quota for sugar in January. HDFC Bank, Reliance Industries, I...