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New-age tech stocks sink; here's why

The Indian stock market witnessed record listings in 2021 making it a historic year for the initial public offering (IPO) market but a majority of debutants from the technology space have seen shares falling as low as 58 percent from their issue price. So what is hurting these new stocks?

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By Mangalam Maloo  January 24, 2022, 6:29:29 PM IST (Published)

The Indian stock market witnessed record listings in 2021 making it a historic year for the initial public offering (IPO) market but a majority of debutants from the technology space have seen shares falling as low as 58 percent from their issue price. The kinds of
Zomato
, Nykaa
, PB Fintech, Paytm continued to slide. What is hurting these new stocks?

Also Read: Closing Bell: Sensex plunges 1,545 points on Black Monday; crash wipes Rs 9.2 lakh cr of investor wealth

Watch the accompanying video of CNBC-TV18’s Mangalam Maloo explaining his analysis on how these D-Street entrants have fared since their IPO as well as listing day.

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