Paytm shares' fall remain unabated despite good performance; stock sees 61% correction from issue price - expert suggests this!

Despite showing promising results in January, Paytm shares continue to tank. So far, there has been a fall of 61 per cent in the share price from the issue price during the Initial Public Offering (IPO). Zee Business’ Devanshi Ashar explains Paytm’s disclosure on its performance in a conversation with Zee Business’ Managing Editor Anil Singhvi.

Shares of Paytm slipped to an all-time low of Rs 840 on the NSE on Tuesday. The shares were trading at Rs 849 around 12 pm falling by more than 1 per cent. The stock of the digital payments and fintech firm is now down from its initial public offering (IPO) issue price of Rs 2,150 after its dismal listing and a spate of bearish views.

This is the fifth straight fall seen in the Paytm shares.

The Paytm dispersed loans of 31 per cent, valued up to Rs 19 lakh, in the month of January. The growth of loan disbursement has increased up to 331 per cent, Ashar explains.

The gross merchandise value (GMV) has grown up to 105 per cent, valued up to Rs 83500 crore (YoY). The monthly transacting users have grown by 40 per cent. The devices employed by the company have also increased up to 23 lakh. This demonstrates that the reach of the company is increasing, and internal growth has increased too, Ashar added.

But the share prices of the company has remained idle.

Vikas Sethi recommends investors, to hold the company’s shares. And he also hopes that with improvement in Ukraine and Russia tension, Paytm's shares will improve as well.

He also said that people could gradually start buying at the current levels.

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क्यों फोकस में है Paytm ?

जनवरी में Paytm का अच्छा प्रदर्शन..

जनवरी में Paytm का बिजनेस अपडेट..

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— Zee Business (@ZeeBusiness) February 15, 2022