Paytm gave a big blow, made an unwanted record
The company’s shares continue to fall. Investors have lost more than 40 per cent. Paytm shares have fallen up to 40 per cent from the issue price. Not only this, this company made an unwanted record, under which the shares fell by 27.25 percent from the issue price as soon as the company was listed. This was the first time that such a situation has happened after the listing of an IPO of more than Rs 5000 crore size. This was the worst ever listing in the history of the stock market, where the shares reached this position with the listing. Let us tell you that before this, the situation of Anil Ambani’s company Reliance Power was also similar, when the company’s stock fell by 21.73 percent.
Paytm shares continue to beat
Since the listing, the shares of Paytm have continued to fall. On Monday too, the shares of Paytm fell more than 17 percent. So far, investors have lost 40 per cent of the issue price. Paytm shares have fallen more than 33 per cent in the last two days. Its effect was also seen on the total assets of the founder of the company. There has been a loss of more than 10000 crores in the property of Paytm CEO Vijay Shekhar Sharma.
Why Paytm Shares Fall
With the listing in the company’s stock, there has been a steady decline. Paytm’s market cap, which was at 1.48 lakh crores before listing, has come down to Rs 82 thousand crores. This decline is expected to continue for the next few days. Market experts are assuming that the shares of Paytm can fall to Rs 1200 now, that is, investors are expected to lose up to 50 percent. In such a situation, the question arises that why this condition of Paytm’s stock happened. The company issued an IPO of the size of Rs 18,300 crore, but it has received very poor response. According to market experts, Paytm suffered a big loss due to the brokerage house report. In fact, brokerage house Macurey raised questions about Patim, raised questions about its business model and said that their business lacks focus and direction. Not only this, the report said that the company has a challenging position to earn profits. After the arrival of this report, selling dominated the stock of Paytm.