India, Dec. 6 -- Valuations of technology firms in the US and India are being fiercely debated among analysts, experts, and investors. They make comparisons between the gaps between US-based mega-cap tech firms, and India's IT and "new-age" tech stocks. DSP Mutual Fund's recent report highlights that Indian IT stocks underperformed the Nasdaq 100 by roughly 48 per cent since the Artificial Intelligence (AI) trade took off. There is overvaluation in US tech rather than in Indian IT. The former is "overbought, over-owned, and overvalued," and the latter "under-owned, oversold, and underperforming."

Saddled, and nestled between the two is India's young but growing cohort of "new-age" tech firms such as Zomato, Nykaa-parent FSN, PB Fintech, ...