New-age stocks take off; Swiggy goes Indian
India's new-age tech firms are making a splash on public stock markets as a wave of initial public offerings (IPOs) continues to expand their presence. The New Economy Index (NEI) Top 50, a recently launched index by Trifecta Capital, now values these 50 listed companies at around $165 billion. This figure represents a significant jump from the $100 billion mark achieved two years ago.
However, the soaring performance of some companies contrasts sharply with the underperformance of others, leading to a highly uneven public-market landscape.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- New-age stocks take off; Swiggy goes Indian economictimes.indiatimes.com
- Weakness to persist for Indian markets as global stocks wobble thehindubusinessline.com
