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An equal-weighted custom index of India’s five flagship Internet stocks including Paytm parent One 97 Communications Ltd. and Zomato Ltd. has risen more than 20% in 2023, bolstered by the firms’ focus on profitability and a buzzing economy.
India's consumer technology stocks, including One 97 Communications and Zomato, have outperformed their Chinese counterparts this year, rising more than 20% as of September 2023. The strong performance was supported by the firms' focus on profitability and India's economic growth potential. Meanwhile, China's tech giants have seen a lacklustre performance as share prices remain below January levels, due to geopolitical and regulatory risks. With India's growth potential and favourable ties with the West, investors are turning to Indian companies despite their smaller market cap and revenue com...
By Ashutosh Joshi India’s consumer technology stocks are on a tear this year, handsomely beating their larger rivals in China and widening the divergence between two of the world’s largest equity markets.
India's consumer technology stocks are on a tear this year, handsomely beating their larger rivals in China and widening the divergence between two of the world's largest equity markets.
India's consumer tech stocks are on a rise this year. Moreover, these stocks are beating their larger rivals in China and boosting India's equity markets