The decline in the shares of Paytm’s parent company One97 Communications continued on Monday as well. The company’s stock was listed on the stock market on Thursday. paytm share price 2021, It had fallen 27 per cent on the first day. It fell about 13 per cent in early trade on Monday.
The trend of decline in the shares of Paytm continues even today.
The company’s stock has fallen nearly 40 percent in two days.
Brokerage advises investors to stay away from it
It had fallen 27 percent on the first day on Thursday.
paytm share price today 2022
The decline in the shares of One97 Communications, the parent company of Paytm, the country’s largest digital payments company, continues even today. On Thursday, it had knocked in the stock market and on the first day it closed at a decline of 27 per cent from its issue price.
paytm share price today It has declined by 17 percent in early trade on Monday. In this way, the company’s stock has fallen more than 44 percent in two days. In this way, the investors have suffered a loss of Rs 867 per share.
paytm ipo share price 2022 New Ipo List
In October, the company’s gross merchandise value, i.e. payments made to shoppers from its platform, grew by 131 per cent over the previous year and reached $11.2 billion. Despite this, the company’s shares continued to fall.
(paytm ipo share price 2021 New Ipo List) Foreign brokerage firm Macquarie had given a price of Rs 1,200 to Paytm’s stock before listing. This worries investors. Some other brokerages have also advised investors to stay away from it.
how much fell today – paytm share price
At 11.30 am on Monday, it was trading at Rs 1376.75, down 11.98 per cent. It had fallen to Rs 1350.35 during trading on BSE.
Experts say that it may fall further in the coming days. He says that the situation is not clear about when the company will turn profitable.
Also, there is uncertainty surrounding the company’s senior team and at the moment domestic institutions are not expected to make big bets in it.
Paytm’s stock was listed on Thursday at Rs 1950 with a discount of 9.3 per cent. Its issue price was Rs 2150. It closed at Rs 1564.15, down 27 per cent.
Analysts said that the company’s stock is very expensive. The company wanted a valuation of over $20 billion through a public offering.
pressure will continue
Piyush Nagda, Head of Investment Products at Prabhudas Lilladher said that the price of Paytm shares will remain under pressure in the short to medium term. This is because IPO investors will try to exit it and new investors will not touch it till the sentiments change.
It is difficult to give a fair value for a loss making company but it can be around Rs 1250 to 1300. Institutions may show some interest at this price.
Anurag Singh, managing director of Ansid Capital, said that even if the price of Paytm’s stock falls 50 per cent below its current price, he will not buy it.
The reason for this is that the company does not have a clear vision to fulfill the dreams that it has shown. Several executives of the company had resigned before the IPO.
This has raised questions on the management stability of the company.
