Story perspectives

India's Internet Stocks Soar: Ixigo Leads 80% Surge

10/10/2025

Summary

Story summary

India's internet stocks, including Ixigo, CarTrade, and Nykaa, have surged up to 80% in three months due to strong revenue growth and improved profitability.
Ixigo led the increase with an 81% rise, supported by a 73% revenue growth.
CarTrade's profit after tax rose 105.5% year-over-year, while Nykaa reported a 72% increase in Q1 profit.
Analysts observe a shift in perception towards new-age stocks, although companies like Brainbees Solutions and Easy Trip Planners have underperformed.
Experts advise selective investments in stocks like Paytm and Swiggy, warning that the recent rally may not be risk-free.

History

Historical Context

The dot-com bubble, peaking in 1999, saw a surge in internet companies fueled by speculative investments, leading to a market crash in 2000 that wiped out over $5 trillion in value. Notable failures included Pets.com and Webvan. Today, India's internet stocks, like Ixigo and Nykaa, are experiencing renewed interest, reflecting cautious optimism in the tech sector despite past volatility.

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Story summary

India's internet stocks, including Ixigo, CarTrade, and Nykaa, have surged up to 80% in three months due to strong revenue growth and improved profitability.
Ixigo led the increase with an 81% rise, supported by a 73% revenue growth.
CarTrade's profit after tax rose 105.5% year-over-year, while Nykaa reported a 72% increase in Q1 profit.
Analysts observe a shift in perception towards new-age stocks, although companies like Brainbees Solutions and Easy Trip Planners have underperformed.
Experts advise selective investments in stocks like Paytm and Swiggy, warning that the recent rally may not be risk-free.

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