Whalesbook
Indian new-age tech companies like Zomato, Nykaa, and Paytm have seen their stock prices plummet significantly from IPO highs. Despite weak profitability and sky-high valuations, retail investors continue to show strong interest, driven by growth prospects, FOMO, and a belief in long-term digital transformation. This analysis delves into the reasons behind this enduring optimism and what investors should consider.