Why are Zomato, Policy Bazaar and Nykaa stocks to Hold? Managing Editor Anil Singhvi explains
Nykaa shares were trading at Rs 150.25 on the NSE and were down 0.23 per cent around 12:10 Zomato shares were trading at Rs 58.85, up 1.20 per cent. PB Fintech (Policy Bazaar) shares were trading at Rs 470.60, down by Rs 13.70 or 3 per cent
Investors holding stocks of new age companies like FSN-E Commerce Ventures Limited (Nykaa), PB Fintech (Policy Bazaar) and Zomato should hold the shares and not sell them on just any price, Zee Business Managing Editor Anil Singhvi recommends.
Emphasizing that the worst is behind these shares, he said that there was ban and panic which led to corrections in these stocks.
A lot of times when you are unable to sell at the right price, you must not look to sell it at any price that comes your way, the Market Guru said.
There is a temptation that if one has not sold the stock at 18800 then one must sell it at 17,800 and this should not be down, Singhvi advised.
If you have missed the opportunity to sell at a high, resist selling it at low as two wrongs will not make things right.
Nykaa shares were trading at Rs 150.25 on the NSE and were down 0.23 per cent around 12:10 Zomato shares were trading at Rs 58.85, up 1.20 per cent. PB Fintech (Policy Bazaar) shares were trading at Rs 470.60, down by Rs 13.70 or 3 per cent.
All these stocks have significantly underperformed in comparison to Nifty50. One year returns given by Zomato are negative 55 per cent versus 6.2 per cent positive returns by the broader market index. The underperformance is to the tune of 61 per cent. This is according to the data sourced from Trendlyne.
The story for Nykaa is not much different. The stock has underperformed Nifty by 62 per cent, giving negative 55 per cent returns during this period versus 6.2 per cent returns of Nifty50.
As for Policy Bazaar, 1-year returns are at negative 52 per cent, underperforming over 58 per cent.
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