Is It The Right Time To Get Into New-Age Stocks?

Consider this: Ola Electric which has listed this month was up 107 per cent within six trading sessions. By August end, the company’s shares are up 55 per cent from its listing day price. Apart from Ola Electric, other new-age stocks which listed a few years ago, such as Zomato and PolicyBazaar, have significantly outpaced the Nifty 50 index in 2024, with PolicyBazaar leading the pack. Year-to-date (YTD), these stocks have delivered returns ranging from 9.7 per cent to an impressive 118.5 per cent, with Paytm, Delhivery and Easy Trip Planners being the outliers, posting negative returns. In contrast, Nifty 50 has gained 16 per cent so far in 2024.