Paytm shares continues to decline, slumped 13% on 2nd day: Should you buy?


New Delhi: Shares of newly-listed One97 Communications, mother or father firm of Paytm, continued to say no for the second day in a row because it tumbled 13 per cent on Monday.

The counter continued to bear a abandoned look because the inventory declined 18.72 per cent to Rs 1,271.25 throughout the day on BSE. It tanked 13.03 per cent to shut at Rs 1,360.30.

On NSE, it tumbled 12.89 per cent to settle at Rs 1,359.60.

In quantity phrases, 19.12 lakh shares have been traded on BSE and over 2.51 crore on NSE.

Shares of One97 Communications Ltd on Thursday made a weak market debut and tumbled over 27 per cent from the difficulty worth of Rs 2,150.

According to market analysts, issues over valuation weighed on the inventory.

Equity markets have been closed on Friday on account of ‘Guru Nanak Jayanti’.

Ant Group-backed Paytm’s Rs 18,300 crore IPO, India’s greatest share sale, was oversubscribed 1.89 occasions earlier this month.

This was better than miner Coal India’s Rs 15,000 crore provide a decade in the past.

Incorporated in 2000, One97 Communications is India’s main digital ecosystem for customers and retailers. 

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