Several new-age stocks have witnessed sharp selling in the first half of January, as the stock market goes through correction amid global uncertainties.&nbsp;
This list includes stocks of new-age companies like FirstCry and MobiKwik which fell more than 20%.&nbsp;
Mother and childcare e-commerce platform FirstCry's stock has fallen by 24.82% since the beginning of this year to date. Currently, the stock is trading at ₹489.
Fintech major MobiKwik's share price fell by 23.07% to ₹456. MobiKwik was listed in December 2024. After listing, the stock saw a big rally. Currently, it is trading at ₹698.30 per share.
Insurance distribution provider PB Fintech's stock has fallen 18.71% between January 1 and January 17 and is trading at ₹1724.&nbsp;
Le Travenues Technology Ltd, which owns online travel aggregator Ixigo, saw its stock decline by 20.63% to ₹142 so far this month.
Food delivery and quick commerce service providers Zomato and Swiggy's stock declined by 10.38% and 12.75%, respectively, to&nbsp;₹247 and&nbsp;₹473 apiece.
Apart from this, the stock of new-age insurance company Go Digit General Insurance has fallen by 11.76% to Rs 288 since the beginning of January.
The stock of the leading fintech company Paytm also fell more than 9% since the beginning of January and is currently trading at ₹897 apiece.
The market has also seen a decline since the beginning of January. During this period, the Sensex fell by 2.42% and the Nifty by 2.30%.
According to market experts, the reason for the decline is global instability due to tariff threats by US President-elect Donald Trump, the high valuation of the Indian stock market, and the third quarter results of FY 2024&ndash;25 are expected to be weak.&nbsp;
&mdash;IANS

Sensex falls by 2.42% and the Nifty by 2.30% —File Photo

FirstCry's stock has fallen by 24.82%, PB Fintech by 18.71%, Zomato by 10.38% & Swiggy by 12.75%

New-Age Company Stocks Falls Amid Market Correction

FirstCry's stock has fallen by 24.82%, PB Fintech by 18.71%, Zomato by 10.38% & Swiggy by 12.75%

January 17, 2025 | 16:25 IST