The stock of Paytm, which is included in the country’s largest digital payment companies, is continuously disappointing investors. A large number of investors have been badly trapped by investing money in Paytm at a higher price. Paytm share is trading around Rs 736 at 2:45 pm on Tuesday, falling from its issue price of 2150. Due to this, investors are incurring a loss of about Rs 1414 or 66 percent on a share of Paytm.
Share Price History: There has been a steady decline in the stock of Paytm since its listing. The stock had fallen by more than 27 per cent on the very first day of listing on November 18, 2021. If we talk about a month ago, on 8 February 2022, the share price on NSE was Rs 937, which came down to Rs 736 on 8 March. In this way, if we look at the stock, there has been a decrease of about 21.33 percent. There has been a sharp decline in the stock market in the last one week, in which this stock has given full support. The share price was Rs 796 on NSE on March 2, 2022, which decreased to Rs. 736 on March 8, 2022.
90 thousand crore loss: In November 2021, Paytm came up with the biggest ever public issue (IPO) in the country. Through this, the company raised Rs 18,800 crore from the market. In the IPO, the market valuation of the company was fixed at Rs 1.39 lakh crore at a price of Rs 2,150 per share. At present, the company’s share price is around Rs 736 on NSE, according to this, the market valuation of the company has reached about 48 thousand crores. Due to this, investors have lost more than 90 thousand crores.
Paytm Profile: According to the information given in the December quarter results, Paytm has more than 350 million customers and more than 60 million transactions are done through Paytm every month.
New age business disappointed: Not only Paytm, the shares of other new age companies like car trade Nykaa, Zomato and Policy Bazaar have also fallen by 40-60 per cent.