New Delhi, Nov. 26 -- New-age tech companies have become synonymous with fast growth -and sky-high valuations. Their IPOs arrived with glossy pitches and investor enthusiasm that had little to do with profits. As long as the growth story was hot, investors believed the riches would follow.

These companies do have solid long-term potential. Their platforms are widely used, and their IPOs were heavily oversubscribed. But many investors who didn't exit early faced steep losses as euphoria died down.

Still, the bull case hasn't disappeared. Retail investors continue to bet that these brands will emerge as India's next multibagger giants.

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