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Stock prices of nearly half of the 15 new-age companies, which listed on the bourses since 2021 are trading below the stock price at which they went public — with firms such as Paytm, Delhivery and Mamaearth-parent Honasa Consumer being the top losers. While Paytm went public in 2021, Delhivery listed in 2022 and Honasa Consumer in 2023.The poor performance of these stocks may be due to company-specific factors, but even those that have seen gains reflect a wider trend of these shares facing pressure amid a broader market slowdown.
This assumes…
