Paytm Share Price TodayThe tears of investors investing on Paytm’s issue price have started subsiding since the last few days. The share price has been on an upward trend for over a week and the fintech stock has gained over 20 percent in the last 5 sessions.
At the same time, foreign brokerage firm Morgan Stanley has given an equal-weight rating to One97 Communications (Paytm), while targeting the stock at Rs 935. The stock has been in the news after the company was directed to conduct EBITDA break-even operations over the next six quarters. Morgan Stanley is suggesting a potential 44 percent rise in the stock.
Let us inform that the issue price of Paytm was Rs 2,150. This stock has lost 14.46% in the last one month and 47.67% in 3 months. Talking about the high and low of the last 52 weeks, then the 52 week high of Paytm is Rs 1955, then the low is Rs 521 per share.
Paytm shares are trading today with a gain of around ₹ 6.50 per share. Reached its intraday high of ₹657.40 on NSE. In the past one week, the Paytm share price has risen from around ₹535 to around ₹645, an increase of about 21.56 percent over the period.
According to stock market experts, the market is buzzing with some short-term positive sentiments after the comments made by the Paytm management. According to experts, Paytm stock is expected to be in an ‘uptrend’ in the near future, but positional investors should wait for the company’s Q4 results before taking any investment decision regarding the fintech stock.
Rs 1.11 lakh crore raised in one year from IPO, Paytm and Zomato pauped investors
On Paytm Share Price Chart Pattern Anuj Gupta, Vice President, IIFL Securities said, “Paytm Shares has been bullish recently. It has given a fresh breakout at ₹620 levels at the close of Wednesday session. It is ₹575 levels. There is immediate support on the way while it is facing hurdles at ₹720 and ₹750 levels. The stock is expected to move higher in the ₹610 to ₹750 range and further bullish or bearish trend may be traced . Category.”
Aastha Jain, Senior Research Analyst, Hem Securities, said, “Market is full of some short-term positive sentiments following Paytm management’s remarks on Wednesday, but positional investors are advised to wait for Q4FY22 Paytm results whose portfolios have Paytm shares, they are also advised to maintain strict stop loss and hold the stock till the quarterly results.”
Let us tell you that Vijay Shekhar Sharma, Founder and CEO of Paytm has written a letter to the shareholders. In this, he has written that we are committed to make the fintech firm a profitable company. We believe that our shares are well below the IPO price (Paytm IPO), but rest assured. Paytm has a huge team, who are working to make it a profitable company. At the same time, we are committed to make the stock valuable over the long term. Let me tell you that my stock grant will be given to me only when our market cap crosses the level of IPO on an ongoing basis.”