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Fintech Stocks

India's fintech sector has experienced remarkable growth, driven by increasing digital adoption, supportive government policies, and a burgeoning consumer base. In FY2024, leading fintech companies showcased significant financial achievements. PhonePe reported its first profit, achieving a consolidated profit of ₹1.97 billion, a substantial turnaround from the previous year's loss of ₹7.38 billion. The company's revenue surged by 74% to over ₹50 billion. MobiKwik garnered significant investor interest with its Initial Public Offering (IPO), attracting bids worth $4.7 billion, oversubscribing the $67 million offering by 120 times. This response underscores investor confidence in India's fintech growth potential. The performance of fintech stocks is influenced by factors such as technological advancements, regulatory changes, and evolving consumer preferences. The sector's expansion is bolstered by initiatives like the Unified Payments Interface (UPI) and the proliferation of digital banking services. However, challenges such as cybersecurity threats, regulatory compliance, and intense competition necessitate careful investment strategies. These Fintech Stocks are compared against their Share Price, change %, Dow Trend, 52 Week Range, Returns, P/E Ratio, P/BV Ratio, Market Cap. This list of Fintech stocks is constructed based on Strike’s analysis with the help of our market analyst Mr. Sunder Subramaniam.  Let’s analyze the top 10 Fintech stocks in detail.

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