In recent years, there have been many innovations in the tech space ranging from Metaverse, Blockchain, Tokens, Artificial Intelligence, and Cloud. Companies that change and upgrade with these innovations are likely to grow exponentially in the coming time. If you are looking to invest in such a consumer tech company, this article will help you.
Today we analyze some consumer tech stocks utilizing technology to serve their customers in a better and more efficient manner. A brief overview of these stocks will help you to build the next-gen portfolio.
1. Zomato
Zomato is a company not unheard of and highly likely that you must use their services. Zomato is a leading food-tech company in India that helps end users order food with the help of collaboration from restaurants and delivery partners. The company utilizes tech in its platform for the best user experience and helps restaurants cater to their target audience.
Zomato has a strong foothold in India and debuted on public exchange in 2021.
- Zomato Share Price as of July 2023: ₹79.50+
- Market Cap: ₹66,609.00 crores
2. Paytm
If there is one company that bought the digital payments revolution in India, it is Paytm. Paytm is operated under its parent company One97 Communications Limited. The company offers services like digital payments, online wallets, hotel booking, flight booking, recharge, e-commerce, music, and other exciting services with robust deals.
Paytm has been at the forefront to expand its operations amidst tough competition and strives to offer a one-stop solution to the needs of its users.
- Paytm Share Price as of June 2023: ₹841
- Market Cap: ₹53,979.00 crores
3. Nykaa
The beauty and personal care industry has been rapidly growing and companies like Nykaa are leading the space. Nykaa operates under its parent company FSN E-Commerce Ventures Limited. It sells healthcare, wellness, fitness, personal care, and skin care products. Nykaa Fashion also sells fashion accessories and apparel.
Nykaa distributes products through websites, mobile applications, and other third-party websites.
- Nykaa Share Price as of June 2023: ₹146.90+
- Market Cap: ₹41,378.00 crores
4. Equitas Small Finance Bank
Equitas Small Finance Bank is one of the emerging banking companies in India. There are three segments under which the company operates- Retail Banking Business, Treasury, and Wholesale Banking.
Equitas Small Finance Bank offers services like deposits and advances, priority sector lending certificates (PSLC), foreign exchange transactions, microfinance lending, insurance, mutual funds products, and other services under the different segments it operates. This caters to the need of a large consumer base.
- Equitas Small Finance Bank Share Price as of June 2023: ₹98.20+
- Market Cap: ₹10,763.00 crores
5. Burger King
Burger King is a prominent quick-service restaurant (QSR) player, which operates under the parent company Restaurant Brands Asia. The company specializes in food products catering to local tastes and preferences. Some popular food products under its portfolio are Crispy Veg Burger, Crispy Chicken Burger, Chicken Fries, Veggie Stripes, and others.
Burger King has a strong presence in India with close to 315 restaurant chains.
- Burger King Share Price as of June 2023: ₹113.30+
- Market Cap: ₹5,641.00 crores
Conclusion
Technology being the disruptor and consumers embracing the developments, these 5 consumer tech companies are poised to grow enormously in the coming years. You can easily add these stocks to your portfolio through renewed market platform such as Dhan. Dhan’s comprehensive trading platform allows you to use its robust analysis tools and research for leveling up your stock market game.
Photo by Steven Cordes on Unsplash
Photo by Steven Cordes on Unsplash
