Paytm Share Crash: Suresh Ganpati of Macquarie Securities India has given a new target. Even before this, he had predicted a big fall in the stock of Paytm which has proved to be correct.
Paytm Share Update: The share of Paytm may fall further by 35 percent. The share of Paytm can fall to Rs 450. Suresh Ganpati of Macquarie Securities India has given a new target.
Even before this, he had predicted a big fall in the stock of Paytm which has proved to be correct. Due to the reduction in the target price, the stock of Paytm is seeing a decline on Thursday, the share of Paytm is trading at Rs 606 with a decline of 4.35 percent. I
How far will it fall?
Since the listing on the Paytm Stock Exchange, there is a huge sell-off in the stock of Paytm. Since the listing of Paytm’s stock on the stock exchange, its valuation has fallen by more than 70 percent. Let us tell you that Paytm had issued its IPO at the rate of Rs 2150 per share. Investors are losing more than Rs 1550 per share due to the IPO price.
Big dent in market capitalization
When Paytm came out with IPO, its market capitation was Rs 1,39,000 crore, which has now come down to close to Rs 38000 crore. That is, since the launch of the IPO, the market capitation has decreased by more than one lakh crore rupees. Let us tell you that Paytm IPO had brought the biggest IPO of Rs 18,800 crore in history.
Paytm slipped after the RBI’s action, the
RBI issued an order banning Paytm Payments Bank from adding new customers. Since then, the stock of Paytm has been continuously beaten. RBI has ordered that Paytm Payments Bank Limited will now be able to add new customers only after getting permission from RBI after reviewing the report of IT auditors.
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