‘Scary’: Zerodha CEO on sharp fall in stock prices of new age tech companies

Zerodha CEO Nitin Kamath, who is known for his educational comments related to stock markets and trading on social media platforms, on Saturday expressed apprehensions about a sharp fall in share prices of listed new-age technology companies across the world. Of. According to KamatoOnly a small percentage of technology firms are able to recover losses.

In a series of tweets, zerodha Head advises new-age tech firms to prioritize ‘low volatility long-term versus maximum short-term gains’ while forecasting growth.

Nitin Kamati stated that the net worth of core teams in most new-age businesses is tied to ESOPs, adding that “the more a company tries to raise prices in the short term, the greater the potential for major downside and volatility in the long term.” “.

Giving a witty reference to Bollywood megastar Amitabh Bachchan’s dialogues from the film Sarkar, ” Before looking at the near advantage, one should think of the distant loss (One should think about long-term losses before judging short-term gains)”, Kamath said, “when companies are evaluated on the basis of their project, counter-intuitively, compared to talking price. It might be a good idea to talk to me. Low volatility in the stock price is also probably something companies should try, which is also good for long-term investors”.

subscribe to mint newspaper

, Enter a valid email

, Thank you for subscribing to our newsletter!

Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!

,