Business
Paytm Business: Bad times for Paytm, 26,000 crore market cap has fallen in 10 days
Paytm Business: Bad times are not over for online financial services company Paytm. Stocks have seen a sharp fall in the last 10 days since the Reserve Bank took strict measures. The stock of Paytm Company fell by 10 percent to Rs 342 in the trading session on Wednesday.
Including this, the stock of Paytm has decreased by more than 55 percent in the last 10 days. After the last 10 days of decline, the market cap (market capitalization) of Paytm stock has fallen by around Rs 26,000 crore. Paytm shares, ranging from retail investors to large investors in the market, foreign institutional and mutual fund houses have faced bump losses.
Paytm Business: The market’s top brokerage firm has also revised its rating on Paytm Company’s shares after a sustained decline. Similarly, the market’s top brokerage firm Macquarie has also given its rating on Paytm’s stock.
Paytm Business: Commenting on Paytm, Macquarie said that Paytm company is trying its best to save itself under the leadership of Vijay Shekhar Sharma, now due to the measures taken by RBI, Paytm company is worried about its customer loss, which may affect the company’s business model and also their monetization.
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