Paytm Shares Dip 5.49%, Ends 4th Consecutive Session In Red 

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SUMMARY

The stock eventually ended the session 5.07% below at INR 945.25 on the BSE

Today’s slump in the stock was in congruence with the broader trend shown by the Indian benchmark indices today

While Sensex fell 1.49% (or 1,176.45 points) to end the day’s trade at 78,041.59, Nifty 50 was also down 1.52% (or 364.2  points) at 23,587.50 today

On the last trading session of this week, shares of Paytm nosedived as much as 5.49% to reach the intraday low of INR 941.00 on the BSE today (December 20). 

This decline comes a day after Paytm Money announced a new service called Pay Later for investors that enables trade stocks with minimal upfront capital. 

Today’s trading session was volatile with the stock trading in the range of 941.00 and 1005.05. 

The stock eventually ended the session 5.07% below at INR 945.25 on the BSE.

The company’s market capitalisation stood at INR 1,063.00 Cr for the day and as many as 82.11 Lakh shares traded hands today. 

Today’s slump in the stock was in congruence with the broader trend shown by the Indian benchmark indices today. 

While Sensex fell 1.49% (or 1,176.45 points) to end the day’s trade at 78,041.59, Nifty 50 was also down 1.52% (or 364.2  points) at 23,587.50 today. 

It is pertinent to mention that the Indian markets have been under pressure since December 18, following the U.S. Federal Reserve’s announcement of a quarter-percentage-point rate hike and its indication of only two additional rate cuts in 2025, which fell short of market expectations.

While the stock has given a negative return of 3.33% in the last five trading sessions, it did record a fresh 52-week high at INR 1,063 apiece on December 17. 

However, on a monthly basis, the stock yielded 15.53% in return, far surpassing the Sensex’s return of 1.15%. The bigger silver line for the company’s shares is a 204.91% since plunging to INR 310.00 in May following the RBI’s regulatory clampdown.

.Not to mention, certain developments in the recent past have also positively impacted this recovery in the share price. Be it the company receiving approval from the National Payments Corporation of India (NPCI) in October to onboard new UPI users or it reporting a profitable September quarter of the financial year 2024-25 (Q2 FY25). 

The company posted a consolidated profit after tax (PAT) of INR 930 Cr in Q2 FY25 as against a loss of INR 292 Cr in the year-ago period. This return to the black was driven by Paytm’s selling of its movies and events ticketing business to foodtech major Zomato for INR 2,048 Cr in an all-cash deal.





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Paytm Shares Dip 5.49%, Ends 4th Consecutive Session In Red 


SUMMARY

The stock eventually ended the session 5.07% below at INR 945.25 on the BSE

Today’s slump in the stock was in congruence with the broader trend shown by the Indian benchmark indices today

While Sensex fell 1.49% (or 1,176.45 points) to end the day’s trade at 78,041.59, Nifty 50 was also down 1.52% (or 364.2  points) at 23,587.50 today

On the last trading session of this week, shares of Paytm nosedived as much as 5.49% to reach the intraday low of INR 941.00 on the BSE today (December 20). 

This decline comes a day after Paytm Money announced a new service called Pay Later for investors that enables trade stocks with minimal upfront capital. 

Today’s trading session was volatile with the stock trading in the range of 941.00 and 1005.05. 

The stock eventually ended the session 5.07% below at INR 945.25 on the BSE.

The company’s market capitalisation stood at INR 1,063.00 Cr for the day and as many as 82.11 Lakh shares traded hands today. 

Today’s slump in the stock was in congruence with the broader trend shown by the Indian benchmark indices today. 

While Sensex fell 1.49% (or 1,176.45 points) to end the day’s trade at 78,041.59, Nifty 50 was also down 1.52% (or 364.2  points) at 23,587.50 today. 

It is pertinent to mention that the Indian markets have been under pressure since December 18, following the U.S. Federal Reserve’s announcement of a quarter-percentage-point rate hike and its indication of only two additional rate cuts in 2025, which fell short of market expectations.

While the stock has given a negative return of 3.33% in the last five trading sessions, it did record a fresh 52-week high at INR 1,063 apiece on December 17. 

However, on a monthly basis, the stock yielded 15.53% in return, far surpassing the Sensex’s return of 1.15%. The bigger silver line for the company’s shares is a 204.91% since plunging to INR 310.00 in May following the RBI’s regulatory clampdown.

.Not to mention, certain developments in the recent past have also positively impacted this recovery in the share price. Be it the company receiving approval from the National Payments Corporation of India (NPCI) in October to onboard new UPI users or it reporting a profitable September quarter of the financial year 2024-25 (Q2 FY25). 

The company posted a consolidated profit after tax (PAT) of INR 930 Cr in Q2 FY25 as against a loss of INR 292 Cr in the year-ago period. This return to the black was driven by Paytm’s selling of its movies and events ticketing business to foodtech major Zomato for INR 2,048 Cr in an all-cash deal.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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