Paytm Share Price: Paytm shares fell 26% in two weeks, investors lost more than 1500 on each share

New Delhi: Shares of Paytm rose again on Tuesday. Today there was a huge decline in the shares of One97 Communications. One97 Communications operates Paytm, India’s largest payments platform. Its shares fell nearly 10 per cent on the BSE on Tuesday’s intra-day. The stock also fell from its previous low of Rs 511. This is […]
 


Paytm Share Price: Paytm shares fell 26% in two weeks, investors lost more than 1500 on each share

New Delhi: Shares of Paytm rose again on Tuesday. Today there was a huge decline in the shares of One97 Communications. One97 Communications operates Paytm, India’s largest payments platform. Its shares fell nearly 10 per cent on the BSE on Tuesday’s intra-day. The stock also fell from its previous low of Rs 511. This is the all-time low for Paytm shares. Earlier on May 12, 2022, Paytm shares had closed at Rs 511. The stock was trading at Rs 492.15, down 8 per cent in the morning session.

Paytm stock continues to fall

The stock of the fintech company has declined by 26 per cent in the last two weeks. Paytm’s share price has fallen more than half or 64 per cent in the last one year, compared to a 4.8 per cent gain in the benchmark index. Currently, Paytm shares are down 78 per cent from their IPO price of Rs 2,150 per share. The stock touched a record high of Rs 1,961 on its listing day i.e. November 18, 2021.

investors selling shares

Investors are continuously selling their shares in Paytm. On 17 November 2022, SoftBank Group Corporation sold 4.5 percent stake in Paytm for Rs 1,630 crore through a block deal. SoftBank Vision Fund (SVF) India Holdings (Cayman) sold shares at Rs 555.67 per share. Post this transaction, the stake of SVF India Holdings (Cayman) in Paytm will come down from 17.45 per cent to just 12.93 per cent as on September 30, 2022.

How strong is the base of the company?

Paytm currently has over 337 million users. More than 21 million merchants are connected. With these figures, it is India’s leading digital ecosystem. Paytm facilitates payment services, mobile banking, loans, insurance and money broking services for consumers and merchants.