highlights
The reason behind the fall in the shares of the company is being told to the connection with Mukesh Ambani.
On Wednesday, the company’s shares fell to close to Rs 450, which is the record low level so far.
Even during the boom in the market, its stock continues to decline.
New Delhi. Shares of some companies are continuously falling down amidst the ongoing decline in the market. Meanwhile, the fall of Paytm shares is not stopping. There is panic among investors. On Wednesday, the company’s shares fell to close to Rs 450, which is the record low level so far. Paytm’s shares were falling even when the market was continuing to decline. At the same time, even during the boom in the market, there is a continuous decline in its stock.
One 97 Communications Ltd. is the parent company of Paytm. Since the launch of Paytm’s IPO, investors are expecting a boom in it, but they are getting disappointed day by day and its shares are falling. Today i.e. on Wednesday, the shares of the company fell by almost 5 per cent to reach Rs 450, which is the record lowest level so far. Those investing in its shares are sitting waiting for it to get better.
Shares of the company fell 28% in the last one month.
Let us tell you that in the last one month, the stock of Paytm has fallen by more than 28 percent. Whereas during this period a 3 percent gain has been registered in the index Nifty. At the same time, the company’s stock has fallen by 26 percent in the last 6 months, while its shares have fallen by about 70 percent in the last one year.
What is the reason?
The reason behind the fall in the shares of the company is being told to the connection with Mukesh Ambani. In fact, analysts at Macquarie Group Limited have described billionaire Mukesh Ambani’s entry into the finance service business as a risk for Paytm.
what is the account book
Let me tell you, the issue size of Paytm’s IPO was Rs 18,300 crore and for this the price band was fixed from Rs 2080 to Rs 2150. Investors gave tremendous response to this IPO. But the company has not been able to recover from the fall in the shares since the discount listing. At the same time, Paytm’s stocks were listed in the stock market in November 2021 at Rs 1,950 with a discount of 9 percent.
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Tags: IPO, mukesh ambani, Paytm, share market, stock market
FIRST PUBLISHED : November 23, 2022, 18:25 IST
