New-age firms' listing gains fade fast; IT deals renewal in focus
An analysis of 27 new-age IPOs reveals that seven of 17 stocks that initially opened above their issue prices are now trading below them, indicating a rapid decline in early gains. This trend highlights the disconnect between debut performance and long-term viability, as quarterly disclosures shift investor focus to revenue quality and competitive dynamics. Meanwhile, approximately $13 billion in IT contracts are set for renewal by December 2026, with major firms like Accenture and Wipro vying for these deals.