Shares of Paytm rocked for the second day as well, investors got a big setback.
Financial (Paytm) Investors have suffered an enormous loss. Post-poll investigation was exhausted the post-poll time. This bright finish of the sunshine was conjointly continued . just like the stock, will trade at the extent of $ 1343.70 billion. Charging of the battery is finished within the light-weight of over 35 once charged doubly.
Investors’ cash reduced by 35 in a pair of days
In the stock of Paytm, investors’ cash has weakened by over 35 p.c in a pair of days. Paytm’s parent company 197 Communications had a market cap of Rs 1,10,407 large integer on the Mumbai stock market (BSE) on the day of listing. when the autumn on a weekday, the market cap of Paytm has returned all the way down to the extent of 86000 crores. the problem value of Paytm’s share was Rs a pair of,150. Paytm had a market cap of over Rs one.39 100000 large integer at the problem value.
Paytm CEO’s wealth reduced by over $781 million
Paytm CEO Vijay Shekhar Sharma’s wealth has weakened by over $781 million in a pair of sessions. before the gap of the initial public offering, Vijay Shekhar Sharma’s stake within the company was valued at $2.3 billion at a problem value of Rs a pair of,150. Vijay Shekhar Sharma holds nine.1 p.c stake in Paytm (parent company One97 Communications). Sharma conjointly has 21 million choices within the company.
Macquarie has given underperform rating, target value of Rs 1200
Global securities firm Macquarie analysis has given Paytm owner One97 Communications AN underperform rating. Macquarie has known as Paytm a cash-burning machine in its report. The securities firm says that there’s an absence of focus and direction in Paytm’s business. Macquarie analysis has reduced the target value of the company’s shares to Rs one,200, that is forty four per cent not up to its issue value of Rs a pair of,150.