Business / Paytm Shares Fall 71 percent till now stock reach 450 rupees after downfall why paytm share fall

Zoom News : Nov 23, 2022, 06:24 PM
Paytm Share Crash: Paytm shares continue to decline. Since the listing till now, the company's shares have seen a decline of more than 70 percent. Exactly a year ago, investors invested money in Paytm's IPO for strong earnings, but within a year, investors have become poor. Paytm is not taking the name of ending the bad days of investors. Today i.e. even after Wednesday's trading, the company's stock has closed at 450 level with a decline of 5.6 per cent.

Continuous decline since listing

The shares of Paytm's parent company One97 Communication, which has come out with the second largest IPO of Rs 18,300 crore in the country so far, have been in a steep decline since the listing. On Tuesday, the shares of the company had fallen by about 8 per cent. On the other hand, more than 5 percent have slipped on Wednesday.

Share closed at 450 level

The company's shares are currently trading at a 52-week low. The stock of the company has closed at the level of Rs.450 today. At the same time, the low level so far is Rs 438.35 per share. Apart from this, if we talk about the record level, then it is 1873.70. This is the record level for the last 52 weeks.

The company started business 10 years ago

Paytm company started its business exactly 10 years ago. The company started its business as a mobile recharge platform in the market. After the demonetisation in the year 2016, the business of Paytm payment service skyrocketed.