Paytm share price: The shares of fintech company Paytm are taking flight these days. Shares of Paytm jumped 11.58 per cent to Rs 688.60 on Monday. In the day’s trading, the company’s stock today jumped more than 14% to reach a high of Rs 701.85. Currently, the stock is down 64% from its all-time high of Rs 1,961.05.
It closed 11.58 per cent higher at Rs 688.60 against Friday’s Rs 617.15 on the last trading day of last week on BSE. The market cap of the firm increased to Rs 44,659.94 crore.
Also read- These 3 companies of Adani will get huge investment from Abu Dhabi, there is a competition to buy shares after hearing the news
What do market experts say?
Market experts say some investors are finding it attractive at current levels due to its brand value, however, there is still uncertainty about the timing of its profitability. Some recovery is to be expected in this counter. Anuj Gupta, head of IIFL Securities, said that in the coming days, the shares of Paytm can reach the level of Rs 740 to Rs 800. However, conservative investors should avoid this stock altogether.
Also read- This stock will reach ₹ 4,000 in 12 months, Rakesh Jhunjhunwala’s big bet, expert said – buy
The issue price of Paytm was Rs 2150.
Let us tell you that Paytm had kept the issue price of Rs 2150 in the IPO. The shares of the company have not yet reached this level. Paytm’s all-time high is Rs 1,961, which was recorded on the day of listing. The share of Paytm is almost 64% below its issue price.
The shares of the company were listed on the market on 18 November 2021. It closed listing at Rs 1564, down 27 per cent on the day of listing as compared to its issue price of Rs 2,150.