Paytm stock price: Market slump hits new-age stocks; many trade below IPO price

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Stock prices of nearly half of the 15 new-age companies, which listed on the bourses since 2021 are trading below the stock price at which they went public — with firms such as Paytm, Delhivery and Mamaearth-parent Honasa Consumer being the top losers. While Paytm went public in 2021, Delhivery listed in 2022 and Honasa Consumer in 2023.The poor performance of these stocks may be due to company-specific factors, but even those that have seen gains reflect a wider trend of these shares facing pressure amid a broader market slowdown.

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Paytm stock price: Market slump hits new-age stocks; many trade below IPO price


Stock prices of nearly half of the 15 new-age companies, which listed on the bourses since 2021 are trading below the stock price at which they went public — with firms such as Paytm, Delhivery and Mamaearth-parent Honasa Consumer being the top losers. While Paytm went public in 2021, Delhivery listed in 2022 and Honasa Consumer in 2023.The poor performance of these stocks may be due to company-specific factors, but even those that have seen gains reflect a wider trend of these shares facing pressure amid a broader market slowdown.

This assumes…



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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