Don't rush to buy new-age co's stocks despite good Q2 results: Analysts

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Don't rush to buy new-age co's stocks despite good Q2 results: Analysts - Business Standard

Quick Summary:

With new-age companies delivering healthy September quarter results, analysts still remain on a wait-and-watch mode.

Since their Q2 results, individually, Zomato (result announced on Oct.22) shares have gained 5.2 per cent, PB Fintech (Nov.5) has risen 5.2 percent, and Paytm (Oct.22) has advanced 11.9 per cent.

It’s revenue from operations, too, rose 69 per cent year-on-year (Y-o-Y) to Rs 4,799 crore in Q2, up from Rs 2,848 crore a year ago.