Adani Enterp. 2471.00↑25.95(1.06%)
Adani Ports 741.30↑4.70(0.64%)
Apollo Hospitals 4965.00↓-2.30(-0.05%)
Asian Paints 3197.90↓-39.35(-1.22%)
Axis Bank 948.80↑22.70(2.45%)
B P C L 356.60↓-3.45(-0.96%)
Bajaj Auto 4698.95↑29.85(0.64%)
Bajaj Finance 7022.50↓-1.40(-0.02%)
Bajaj Finserv 1460.50↑3.25(0.22%)
Bharti Airtel 834.20↓-2.30(-0.27%)
Britannia Inds. 4699.50↑45.35(0.97%)
Cipla 968.40↑2.55(0.26%)
Coal India 230.10↓-0.80(-0.35%)
Divi's Lab. 3460.00↓-51.60(-1.47%)
Dr Reddy's Labs 4611.15↑0.70(0.02%)
Eicher Motors 3684.95↓-14.45(-0.39%)
Grasim Inds 1737.55↑27.00(1.58%)
H D F C 2651.65↑5.75(0.22%)
HCL Technologies 1145.25↑8.20(0.72%)
HDFC Bank 1607.75↑1.25(0.08%)
HDFC Life Insur. 577.35↑0.95(0.16%)
Hero Motocorp 2875.35↓-17.30(-0.60%)
Hind. Unilever 2691.45↓-25.25(-0.93%)
Hindalco Inds. 419.25↓-1.50(-0.36%)
ICICI Bank 951.10↑12.95(1.38%)
IndusInd Bank 1297.45↑9.25(0.72%)
Infosys 1308.10↑9.10(0.70%)
ITC 442.60↓-0.80(-0.18%)
JSW Steel 704.40↓-2.20(-0.31%)
Kotak Mah. Bank 1935.50↓-3.25(-0.17%)
Larsen & Toubro 2267.10↑32.55(1.46%)
M & M 1385.50↑44.10(3.29%)
Maruti Suzuki 9615.60↑130.25(1.37%)
Nestle India 21855.00↓-191.45(-0.87%)
NTPC 174.80↑0.25(0.14%)
O N G C 155.50↑0.80(0.52%)
Power Grid Corpn 235.50↑0.90(0.38%)
Reliance Industr 2463.25↑8.05(0.33%)
SBI Life Insuran 1212.50↑10.00(0.83%)
St Bk of India 587.80↑0.60(0.10%)
Sun Pharma.Inds. 1013.00↑13.40(1.34%)
Tata Consumer 794.00↓-2.05(-0.26%)
Tata Motors 546.75↑10.85(2.02%)
Tata Steel 108.15↑0.15(0.14%)
TCS 3303.10↓-2.50(-0.08%)
Tech Mahindra 1111.60↓-11.50(-1.02%)
Titan Company 2847.50↓-14.15(-0.49%)
UltraTech Cem. 7889.00↑38.35(0.49%)
UPL 686.25↑2.90(0.42%)
Wipro 404.90↓-0.05(-0.01%)

Paytm, Zomato, Nykaa: Select new-age stocks may rise up to 12%

While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer s

Avdhut Bagkar Mumbai

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Trading Strategy for new-age companies

3 min read Last Updated : Apr 20 2023 | 12:49 PM IST

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Shares of new-age companies witnessed a sparkling session on Thursday, with One 97 Communications, Delhivery and PB Fintech all gaining in the range of 2 to 4 per cent.

While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer strong gains.

In particular, PB Fintech and One 97 Communications have successfully risen over the 200-day moving average (DMA), which investor community deem critical while taking an informed decision.