There has been a lot of innovation in the technology space in recent years, from the Metaverse, blockchain, tokens, artificial intelligence, and the cloud. Companies that change and upgrade with these innovations have the potential to grow exponentially in the future. If you're considering investing in consumer technology companies like this, this article will help.
Today we'll be analyzing several consumer tech stocks that are leveraging technology to serve customers in a better and more efficient way. A quick overview of these stocks will help you build your next-generation portfolio.
1. zomato
Since Zomato is not an unheard of company, it is very likely that you will need to use its services. Zomato is a leading foodtech company in India that works with restaurants and delivery partners to help end-users order food. The company leverages technology on its platform for the best user experience and helps restaurants cater to their target audience.
Zomato has gained a strong foothold in India, debuting on public exchanges in 2021.
2. Paytm
If there is one company that has bought into India's digital payments revolution, it is Paytm. Paytm operates under its parent company One97 Communications Limited. The company offers services such as digital payments, online wallets, hotel booking, flight booking, recharge, e-commerce, music and other attractive services with strong deals.
Paytm is at the forefront of expanding its business amidst stiff competition and strives to provide one-stop solutions to the needs of its users.
3. nikah
The beauty and personal care industry is growing rapidly, with companies like Nykaa leading the way. Nykaa operates under the parent company FSN E-Commerce Ventures Limited. We sell health care, wellness, fitness, personal care, and skin care products. Nykaa Fashion also sells fashion accessories and apparel.
Nykaa distributes the Products through websites, mobile applications, and other third party websites.
- Nykaa stock price as of June 2023: ₹146.90+
- Market capitalization: ₹41,378.00 billion
Four. Equitas Small Finance Bank
Equitas Small Finance Bank is one of the emerging banking companies in India. The company operates in three segments: Retail Banking, Treasury Banking, and Wholesale Banking.
Equitas Small Finance Bank offers services such as deposits and advances, priority sector loan certificates (PSLCs), foreign exchange trading, microfinance lending, insurance, mutual fund products, and other services through its various divisions of operations. Masu. This caters to the needs of a large consumer base.
- Equitas Small Finance Bank share price as of June 2023: ₹98.20+
- Market capitalization: ₹10,763.00 billion
Five. burger king
Burger King is a prominent quick service restaurant (QSR) company operating under its parent company Restaurant Brands Asia. The company specializes in food products tailored to local tastes and preferences. Popular foods in its portfolio include Crispy Veggie Burger, Crispy Chicken Burger, Chicken Fries, and Veggie Stripes.
Burger King has a strong presence in India with a chain of nearly 315 restaurants.
- Burger King stock price as of June 2023: ₹113.30+
- Market capitalization: ₹5,641.00 billion
conclusion
With technology being a disruptor and consumers embracing its advances, these five consumer technology companies are poised for significant growth in the coming years. You can easily add these stocks to your portfolio through revamped market platforms like Dhan. Dhan's comprehensive trading platform gives you access to powerful analytical tools and research to level up your stock market game.
