Investors of Paytm’s IPO lost Rs 64,000 crore, shares may fall by Rs 900

Paytm Share Update: Since the listing on the stock exchange, Paytm, which has brought the country’s largest IPO, has been facing several setbacks one after the other and these shocks do not seem to stop. Used to be. There was a tremendous beating of Paytm’s stock in Monday’s trading session. Paytm Shares fell 5.97 per cent (Rs 73.55) to Rs 1158, nearly Rs 1,000 below its issue price. The reason for the fall in the share of Paytm is the new target of the brokerage house Macquarie Capital regarding the share of Paytm.

Macquarie slashes Paytm’s target
Foreign brokerage house Macquarie Capital has expressed the possibility of further fall in Paytm’s stock. Macquarie Capital has reduced the target of Paytm to Rs 900 per share. Which is 26 percent below the current level. Earlier, Macquarie had reduced Paytm’s target to Rs 1200. Now the share of Paytm is trading below Rs 1200. JM Financial Institutional Securities has also reduced the target price of Paytm’s stock earlier.

The question arises that where will the trend of decline in Paytm’s stock stop. Because market experts are advising to stay away from this stock, as well as some are expressing the possibility of further decline. What Macquarie has given new of Paytm is about 58 percent below its issue price of Rs 2150. According to Macquarie, Paytm’s business model lacks direction. According to him, making profit is a big challenge for Paytm.

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The loss of investors is increasing
Like the disappointment of Paytm’s investors, such a disappointment did not happen to investors of any IPO during the listing in the recent past. Paytm has lost Rs 64,000 crore to investors since the listing. Before listing on the stock market, Paytm had a market value of Rs 1.39 lakh crore according to the IPO price and today its market cap has come down to Rs 75,073 crore.

Let us tell you that Paytm’s parent company One 97 Communications Ltd brought an IPO of Rs 18,800 crore, which is the largest IPO in the history of Indian capital market.

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