Paytm Share Price : “Do Paytm…” You must have heard this ad almost everywhere and again and again. But the situation in the stock market is quite the opposite. Seeing the condition of Paytm’s shares in the market, the investor’s mouth is coming out badly.. Do not do Paytm…. The reason for this is the continuous fall in the shares of Paytm. After listing in the stock market, Paytm has made the condition of its investors such that it is neither spewing nor swallowing.
Paytm has brought one lakh rupees of investors to 35 thousand rupees in just 3 months. Today, on Wednesday, March 9, the share price of One 97 Communications Ltd (PAYT) i.e. Paytm in NSC closed at Rs 749.85. It is trading at its lowest level so far.
Issue price Rs 2150
In Paytm IPO, the company had kept the issue price of the shares at Rs 2150. But on the day of the share listing itself, there was a ruckus. The listing of the shares was done at Rs 1950 and after that the shares kept falling. The company’s shares were listed on the stock market on 18 November. But these shares never touched their issue price. The high of this stock was on the listing day itself. Today these shares have fallen almost 3 times from the issue price.
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Mutual funds also exit by selling shares in large quantities.
Paytm, one of the country’s biggest IPOs, which came with a lot of noise, has taught investors as much damage as they did. That is, what not to do in the stock market. After the continuous fall in the shares of Paytm, many brokerage houses reduced the rating and target of this stock. Simultaneously, mutual funds also started exiting by selling shares in large quantities.
Macquarie said in a report that after various corporate updates and results, earnings on distribution may remain low. The brokerage cut Paytm’s earnings by an average of 10 per cent per annum till 2025-26 due to lower distribution and cloud revenue. Macquarie estimates Paytm’s earnings to grow at 23 per cent over the next five years, compared to 26 per cent earlier.
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Question on valuation of IPO
The company had raised questions from all the experts regarding the valuation of the IPO. He said that the valuation of IPO of Loss Making Company seemed too high. Therefore, with the example of Paytm IPO, experts say that before investing in a new company, definitely look at the valuation.
Invest a small portion in a loss making company
Experts say that if a new age company is coming in the market and they are in loss, then invest in small amounts. Invest in it only as much as the money is lost, then there should not be much sorrow. Do not invest a large part of your capital in a loss making company. Also, experts have advised to stay away from Paytm’s stock for now.
Tags: Paytm, Paytm Mobile Wallet, Paytm’s Vijay Shekhar Sharma, Share market, Stock Markets
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