new Delhi. Nothing is looking good for Paytm since the listing. This is the fourth consecutive month after the listing, when its shares have fallen. After the action of RBI on Paytm Payment Bank, the decline in Paytm shares has intensified.
Earlier in December, it has fallen up to 21.48 percent. There has been a decline of 31.30 percent in January, 12.95 percent in February and 21.63 percent in March so far. Paytm’s stock was listed on 18 November 2021. The listing price was Rs 2150, since then it has declined by 71 percent.
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Difficult to understand business model
Dipan Mehta, Director, Elixir Equities, says that investors are getting disillusioned with Paytm, due to which its shares continue to fall. He said that Paytm has spread its hand in many places, which is now becoming difficult for it to handle. Looking at its business model, it is becoming difficult to understand when it will turn profitable.
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Paytm below 650 for the first time
On Tuesday, the shares of Paytm fell below Rs 650 for the first time. Its shares fell by 8.7 per cent to Rs 616.6 on the BSE in the day’s trade. Mehta said that due to its business model, Paytm is facing competition in every field. Many fintech companies have now entered this market.
The company is unable to instill confidence in the investors
Mehta said that trust is essential for investing in any company. But, the business model of Paytm is not able to instill confidence in the investors, due to which investors are keeping distance from it. When the vision of the company is not clear, till then it is far-fetched to think of profits.
Tags: Paytm, stock market, stock market today
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