Nykaa, Delhivery, Zomato shares down over 50% from record highs; should you buy?
A handful of 2021 and 2022 listings have lost more than half of their market capitalisations amid the ongoing volatility in the market. Market watchers said the sky-high valuation played spoilsport for some of the listed companies. Fall from highs Shares of PB Fintech, the operator of Policy Bazaar, have cracked 73 per cent so far from their all-time high level of Rs 1,470, hit on November 17, 2021. Earlier, Nykaa reported a 33.4 per cent growth in consolidated net profit at Rs 4.55 crore for the first quarter ended June 30, 2022. Shares of the company traded at Rs 344 in Monday's trade. Market participants should also keep an eye on forthcoming quarterly results.” Source: BusinessToday #Nykaa#Delhivery#Zomato