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Paytm Share Crash: In Wednesday’s trading session, Paytm Share has once again seen a big decline. According to the data of BSE, in today’s trading session, Paytm’s share fell down to Rs 440, breaking the level of Rs 450, while according to the data of NSE, the share had dropped to the level of Rs 438.35. That is, about 80 percent below its IPO price. However, at the time of market closure, the stock closed at Rs 452.30, down 5.20 per cent.
Paytm’s stock has continued to decline ever since Macquarie’s research report came out. It has been said in the research report that Paytm is going to face a big challenge from Mukesh Ambani’s Jio Financial Services. After which the share price of Paytm is diving. After a huge fall in Paytm’s stock, the company’s market cap has reached below Rs 30,000 crore to Rs 29,367 crore.
Paytm had brought an IPO in November 2021 at a price of Rs 2150 per share, when the market cap of the company was Rs 1.39 lakh crore in terms of IPO price. That is, the market cap of Paytm has come down by Rs 1.10 lakh crore. That is, in just one year’s listing, Rs 1.10 lakh crore of investors have been destroyed. Ever since the listing of Paytm’s stock, it has been continuously falling down.
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Not only Paytm, Nykaa, Delhivery and Policybazaar shares also continued to decline. Shares of Nykaa fell 2 per cent to close at Rs 171.70 on Wednesday. Delhivery’s stock continues to decline and the stock closed at Rs 326.20. Whereas the company had brought IPO at a price of Rs.487. The share of PB Fintech i.e. Policybazaar is trading at Rs 400 while the company had brought IPO at Rs 980 per share.
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