New Age Firms are characterized by their aggressive expansion, heavy investments in technology, and innovative ideas to acquire customers to scale up and give tough competition to the existing players in the market.
Here are some of the New Age Firms in which Foreign Institutional Investors/Foreign Portfolio Investors hold more stake in the company than the public.
CarTrade Tech
CarTrade Tech Limited is a multi-channel auto platform offering a wide range of solutions across the automotive transaction value chain such as buying, selling, marketing, and financing all types of new or used automobile vehicles.
With a market capitalization of Rs. 3,262 Crores, the shares of CarTrade Tech Limited closed at Rs. 696.25, up 0.71 percent from its previous day’s close price of Rs. 691.35.
The Foreign Institutional Investors hold a 71.93 percent stake in the company compared to the Public who hold a 23.68 percent stake.
Its revenue from operations grew by 43.29 percent from Rs. 97 Crores in Q3FY23 to Rs. 139 Crores in Q3FY24, accompanied by a profit of Rs. 14 Crores to a loss of Rs. 24 Crores.
One 97 Communications Limited
One 97 Communications(Paytm) is one of India’s leading payment apps with a digital ecosystem offering consumers and merchants a wide range of services which involves comprehensive payment solutions, payment facilitator services, facilitation of consumer and merchant lending, wealth management, Insurance broking services, and many more.
With a market capitalization of Rs. 25,888 Crores, the shares of One 97 Communications hit a 5 percent upper circuit in the day’s trade at Rs. 407.60.
The Foreign Institutional Investors hold a 63.72 percent stake in the company compared to the Public who hold a 30.22 percent stake.
Its revenue from operations grew by 35.83 percent from Rs. 1,574 Crores in Q3FY23 to Rs. 2,138 Crores in Q3FY24, accompanied by a decreasing loss of Rs. 436 Crores to Rs. 254 Crores.
Delhivery
Delhivery Limited is one of the leading and largest integrated logistics services providers in India. It provides a full range of Logistics services, including delivery of express parcels and heavy goods, partial truckload shipping, full truckload shipping, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.
With a market capitalization of Rs. 33,491 Crores, the shares of Delhivery Limited closed at Rs. 454.70, down 1.90 percent from its previous day’s close price of Rs. 463.50.
The Foreign Institutional Investors hold a 62.71 percent stake in the company compared to the Public who hold a 20.27 percent stake.
Its revenue from operations grew by 20.28 percent from Rs. 1,824 Crores in Q3FY23 to Rs. 2,194 Crores in Q3FY24, accompanied by a loss of Rs. 196 Crores to a profit of Rs. 12 Crores.
Zomato
Zomato Limited is one of the leading online Food Service platforms connecting users, restaurant partners, and delivery partners by offering food delivery, dine-out services, advertising a restaurant, and many more.
With a market capitalization of Rs. 1,44,644 Crores, the shares of Zomato Limited closed at Rs. 164, up 1.23 percent from its previous day’s close price of Rs. 162.
The Foreign Institutional Investors hold a 54.88 percent stake in the company compared to the Public who hold a 27.98 percent stake.
Its revenue from operations grew by 68.78 percent from Rs. 1,948 Crores in Q3FY23 to Rs. 3,288 Crores in Q3FY24, accompanied by a loss of Rs. 347 Crores to a profit of Rs. 138 Crores.
Written by: Bharath K.S
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