Mumbai / Bangalore: Selling on the market in the past few weeks has destroyed more than RS 2 Lakh Crore from shares recently included those who are prominent such as One97 Communications (Paytm), FSN E-Commerce Ventures (NYKAA), Zomato, PB Fintech (Polikebazaar) and Kerrade.
However, Nazara Technologies, a gaming company supported by Billionaire Investor Rakesh Jhunjhunwala, remains mostly isolated from a recent defeat in companies facing consumers.
Consider this: Since the list slightly more than two months ago, Paytm, Pioneer digital money transfer in India has lost almost half the value of the current market capitalization of Rs 59,472 Crore.
Even worse, from the price of the IPO Rs 2,150, at the current market price of Rs 917 at BSE, it has lost more than 57% of its value.
Similarly, on Monday, Zomato lost 20% and closed on a lower circuit, while Nykaa, after dipping life-low Rs 1,693 during the day, closed at Rs 1,735.
These two shares are still traded at premium prices at their respective IPO prices, while Paytm, Cartrade, and Policybazaar are in red.
Six technologies activated technology, the new listed in 2021 had lost around Rs 1.2 lakh crore in the close market since the list.
Nazara Tech, on the other hand, is still green with a market that supports almost 3,000 crore rs since its debut.
Selling selling in the Indian market in this stock partly because of recent route technology in the US market, traders said.
In the US, the Nasdaq composite index fell slightly more than 18% and technically it could enter the bear area if it fell 20% or more than its peak recently in mid-November.
There, experienced fund managers move from the company’s shares that offer high growth opportunities for the established business, which is called the value of shares.
A similar trend was also observed in India, analysts said.
According to Arun Kejriwal, Director at the Kris investment advisory firm, since mid 2021, several companies that support registered technology as markets are in the bull phase.
Although most of the making loss, but shares do well on the stock exchange, which in turn attracted a large number of investors.
Now there is a slide on the US market, this stock also faces heat from selling by local investors.
“In the current situation, investors will definitely see all the newly registered stocks, especially those who make losses,” Kejriwal said.
For a long time, Dalal Street investors have not seen the IPO withdrawn due to lack of investor interests.
“February-March can bring an IPO that can bomb on the road,” he said, showing that we would immediately watch the IPO withdrawn.
List of IPO See Rs 2L Cr erosion, Tech Startups account for half
