Effect of Zomato: Newly listed companies beat Nifty by biggest margin in 7 years

Newly listed stocks in the stock market have outperformed the benchmark index by the highest margin in seven years. This has been helped by a number of public offers that have come in in recent months. Some experts believe that this is the beginning of several years of expansion of the country’s $ 3.2 trillion stock market.

The companies listed in the last two have outperformed the Nifty 50 index by more than 40 percentage points this year. This is the biggest difference in the last seven years.

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Prominent among these is the food delivery company Zomato. The stock of the country’s first unicorn has risen nearly 77 percent since its listing last month.

The number of unlisted firms with a valuation of more than $1 billion could more than double in the next three to five years. Even if 20-25 per cent of these make a public offer, it could add $400-500 billion to market capitalization.

There is a growing number of tech startups catering to the fast growing internet market of the country. Regulators have recently made listings attractive in the country for these startups.

So far this year, these startups have raised $8.8 billion through IPOs. Some internet startups are also going to IPO in the coming months. These include digital payment service Paytm and e-commerce site Nykaa.

Internet companies account for about a quarter of the stock markets in the US and China. However, this figure is less than 1 percent in the country and due to this there is a lot of potential for these companies.

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