Paytm On the topic of discussion after shares hit all-time low
Paytm share price hit an all-time of Rs.546.65. This must be shocking to all who invested in it.
Paytm IPO has launched in November 2021 and raised at Rs.18,300 crore. This news was the talk of India. This company has investments from both Public and the many companies like Jack Ma’s Ant group, SoftBank, Warren Buffet’s Berkshire Hathway. Here Ant Group is the biggest shareholder with 29.7 per cent and Vijay Shekhar Sharma holds about 15% per cent of the company.
On Tuesday, it is reported that Paytm hit an all-time low of Rs.546.65. But this is not the first time, On November 18, 2021, after IPO the prices sank at 27 per cent on the opening day of sales and the amount worth more than Rs.1000 crore at a discount of 9 per cent at Rs.1950 then closed at Rs.1564. Then, On the ninth day, the share price has fallen to Rs.1051 compared to the previous one.
But for a while, the share price got up to Rs.1961.52 Weeks later on this day, Marked at Rs.546.65 per equity share. According to BSE Website, The Paytm founder Vijay Shekhar Sharma currently holds Rs.35,000 crore compared to the Figure of Rs.1.38 lakh crore at the time of the launch of the IPO. Most of the consultancy group’s opinion be like that the share price may fall further.
Parent Company Clarification:
Later Parent Company One97 clarified,” Further as on date, there is no information/announcement, which in our opinion may have a bearing on the price/volume behaviour in the scrip of the company and which is yet not disclosed to the Stock exchanges. The company would also like to point out the business fundamentals remains robust as demonstrated in our last earnings release dated February 4, 2022.”
Social Media Users Reaction:
#Paym #Investors screaming rest sleeping.#paytmkaro #StockMarketindia🇮🇳 pic.twitter.com/Kf0eAlZsYq
— Options King (@optionsking8) March 23, 2022
My deep Condolences to those who bought #Paytm in Nov and have holded it yet.
🤣😅😅😭#StockMarketindia pic.twitter.com/tC5Y5qNFgC
— Ajay Chauhan ঔৣ 🇮🇳 (@ItsAAjay) March 23, 2022
