#paytm stock crash

[techmarkethunter]

Paytm's 20% Crash: Impact on Fund Houses & Insurance Companies

Paytm’s 20% Crash: Impact on Fund Houses & Insurance Companies The recent 20% plunge in Paytm’s stock price has sent shockwaves through the financial sector, particularly impacting fund houses and insurance companies that hold significant investments in the digital payments giant. Here’s a breakdown of the situation: Impact on Fund Houses: Estimated loss of Rs. 585 crore: Based on publicly…

[experiencewala]

Paytm slumps to new low as Macquarie sees risk from Ambani's financial foray

Paytm slumps to new low as Macquarie sees risk from Ambani’s financial foray

‘Heat from Jio Financial Services’: Paytm stock crashes 11% to hit 52-week low Paytm share price: The stock slumped more than 11 per cent to hit a fresh one-year low on Tuesday after a group of Macquarie analysts suggested that Jio Financial Services can pose a “significant risk” for the digital payments firm. Shares of One 97 Communications, Paytm’s parent, slumped more than 11 per cent to hit…

[newslobster]

Paytm Shares Fall A Further 2% In Early Trade, A Day After Crashing Over 10%

Paytm Shares Fall A Further 2% In Early Trade, A Day After Crashing Over 10%

Paytm shares decline 2% in morning trade on Friday New Delhi: Shares of One97 Communications, Paytm’s parent firm, on Friday declined over 2 per cent in morning trade after SoftBank divested 4.5 per cent stake in the firm for Rs 1,631 crore through an open market transaction. The stock dipped 2.23 per cent to Rs 527.50 on the BSE and fell 2.38 per cent to Rs 526.90 on the NSE. That comes a day…

[currentmediasstuff]

Fundamentals remain robust: Paytm tells BSE after shares plunge

The shares of Paytm have witnessed a steep fall this month, declining nearly 32 per cent to Rs 543.90 apiece on the BSE as of Tuesday.

One 97 Communications, the parent company of payments platform Paytm, on Wednesday, said their business fundamentals remain robust and there is no information/announcement which may have a bearing on the price/volume behaviour of the stock which is yet to be disclosed to the bourses.

The shares of Paytm have witnessed a steep fall this month, declining nearly 32 per cent to Rs 543.90 apiece on the BSE as of Tuesday.

It further declared that the company has made all necessary disclosures to the stock exchanges within the stipulated timeline.

In a filing to the BSE, the company said, “We would like to reiterate that the company is committed to comply with the Listing Regulations and any information/ announcement, likely to have bearing on the price/ volume of the shares of the Company would be disclosed, from time to time, to the Stock Exchanges within stipulated timeline.”

Paytm’s announcement was in response to a query by the BSE. Asia’s oldest stock exchange on Tuesday had sought clarification from One 97 Communications with reference to the significant movement in the stock price, in order to ensure that investors have the latest relevant information and to safeguard the interest of the investors. Paytm shares fall 75% since IPO launch

Ever since it made a weak debut in the stock market in November last year, Paytm shares have witnessed a significant fall, declining nearly 75 per cent from its offer price to an all-time low of Rs 541 apiece on the BSE as of Tuesday.

Earlier this month, the Reserve Bank of India (RBI) directed Paytm Payments Bank to stop onboarding new customers with immediate effect and conduct a comprehensive audit of its IT system, citing “material supervisory concerns”. Since the announcement of this measure by the central bank, the stock as crashed over 30 per cent.

What should investors do?

Commenting on the recent developments surrounding Paytm, Ravi Singh, vice president and head of research at Share India Securities said, “RBI’s recent ban on Paytm on adding new customers due to likely gaps in its technology systems hurts the business sentiments severely. The stock has reflected the immediate negative effect and a massive sell off triggered with a frail probability of rebound. However, Paytm has already onboarded a very large customer base onto the payments bank but the ban will affect their chances of upgrading to a small finance bank.”

He noted that due to the negative developments, Paytm stock is in continous downtrend and may touch the levels of Rs 500-450 in the near term. He said that investors must avoid this stock till the sentiments stabilises.

[techminsolutions]

50% of November IPOs fall below their issue prices amid market crash

50% of November IPOs fall below their issue prices amid market crash

A sharp correction in equity markets have dragged half or four out of seven newly listed companies, that made stock market debut in November, below their respective issue prices. One97 Communications, the parent company of digital payments major Paytm, fintech company Fino Payments Bank, auto ancillary firm SJS Enterprises, quick service restaurant (QSR) Sapphire Foods are now trading below…

[innocentamit]

Live Business Issues: Market Transformation | Sensex drops above 650 points, Nifty below 17,250

Live Business Issues: Market Transformation | Sensex drops above 650 points, Nifty below 17,250

LatentView Analytics list of stocks today. India’s benchmark equity indices fell by about 2% on Monday after a series of unsettling news over the weekend. Paytm added to the loss of the second day after making a weak appearance last week when Reliance crashed by announcing that it would renew its contract with Aramco of Saudi Arabia. 9:26 AM Market changes | Sensex drops above 650 points, Nifty…

[mahampsc]

loksatta editorial to aware investor for investment in stock market paytm shares crash zws 70

loksatta editorial to aware investor for investment in stock market paytm shares crash zws 70

‘लोकसत्ता’चा प्रयत्न आहे तो बाजारसाक्षरतेचा. गुंतवणूकदारांनी डोळे उघडे ठेवून आणि डोके जागते ठेवून आपला पैसा गुंतवावा. ‘लोकसत्ता’चा प्रयत्न आहे तो बाजारसाक्षरतेचा. गुंतवणूकदारांनी डोळे उघडे ठेवून आणि डोके जागते ठेवून आपला पैसा गुंतवावा. राष्ट्रगीतातील ‘भारत भाग्यविधाता’ हे शब्द ऐकून ‘पेटीएम’चे संस्थापक विजय शेखर शर्मा यांच्या डोळ्यांत पाणी आले. तसे होणे साहजिकच. प्रसंग होता त्यांच्या ‘वन ९७…

[b2bordermanagement]

Stock Request Timetable Is Stock Market Open Moment? See BSE, NSE, MCX Trading Hours

indian Stock Markets — The NSE (National Stock Exchange) and the BSE ( formerly Bombay Stock Exchange) will close its operations on Friday, November 19. Trading processes will be halted on the day on the account of Guru Nanak Jayanti. On this note, one should keep in mind that this is the last day this time that stock requests will close for a vacation, piecemeal from the weekends. The parts that will remain close on Friday at the BSE are the equity member, equity secondary member and Securities Lending and Borrowing (SLB), according to the timetable. This comes further than a month after the Dusshera vacation, which was on October 15.

Commodity requests will be closed for morning session on October 15. The regular trading will take place in the evening session, according to schedule. For dealers in goods, Multi Commodity Exchange (MCX) will will be closed for the first between 9 am and 5 pm on Friday. It'll open during the alternate half of the session 5 pm to11.30 pm. the Public Commodity & Derivations Exchange Limited (NCDEX) will be shut during the morning session between 9 am and 5 pm and will renew operations from 5 pm till 9 pm.

The stock request will also remain shut on November 20 and 21, that's on Saturday and Sunday, for the regular weekend out. This means that the equity bourses will renew for trading only on Monday, after three days.

Sensex collapsed 372 points on Thursday, tracking losses in indicator majors L&T, Infosys and TCS amid a negative trend in global requests. The 30- share indicator ended372.32 points or0.62 per cent lower at, as per a PTI report. Also, the NSE Nifty fell133.85 points or0.75 per cent to. M&M was the top clunker in the Sensex pack, slipping over 3 per cent, followed by Tech Mahindra, L&T, HCL Tech, Tata Steel and IndusInd Bank. On the other hand, SBI, PowerGrid, HDFC Bank, Reliance Diligence and HUL were among the winners.

During the vacation- abbreviated week, Sensex drooped points or1.73 per cent, while Nifty tanked337.95 points or1.86 per cent. All sectoral indicators ended in the red on Thursday, with BSE essence, bus, capital goods, introductory accoutrements and artificial indicators falling as much as2.76 per cent. Broader BSE midcap and smallcap indicators lost up to1.68 per cent. Away in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with losses.

  There were three stock request leaves in November on the the account of Diwali, according to BSE Timetable. The BSE, NSE remained unrestricted on Diwali Laxmi Pujan, November 4 (Thursday) and Diwali Balipratipada, November 5 (Friday) before November 19, that's moment.

In 2021, there were 14 stock request leaves. The requests were closed for three days in April, loftiest in any month — Good Friday on April 2, Baba Saheb Ambedkar Jayanti on April 14 and Ram Navami on April 21.

In the environment of a weak global request, compression extended in essence and crude canvas prices, importing down the Indian request. In the broader request, One97 Dispatches Ltd, Paytm’s parent company, crashed around 27 per cent in its request debut on Thursday. Paytm’s Rs-crore IPO, the country’s largest original share trade, was subscribed1.89 times last week.

[askgopal]

Some quick thoughts...

Paytm's disastrous listing and its subsequent crash in the market is a good lesson for the promoters and investors alike. What was touted to be the largest IPO in the Indian market history has left the investors, bitter and sour after the listing. The mad rush for the IPOs has created a smoke screen in the general public, who are getting on to the irrational exuberance. Paytm fiasco should send strong signals to both the promoters and the investors at once. 

Promoters should refrain from getting greedy about the exorbitant valuations by offloading them on the gullible investors who are swayed by the bull markets. Promoters in the overall interest of the businesses tapping stock markets should be realistic and not turn greedy by killing the golden goose. Investors have a big lesson on Paytm - don't get swayed and tempted by IPO mania. IPO mania comes back in cycles and whenever the markets get too pricey promoters rush in to offload their stakes at premium valuations. 

It is the investors who must do proper due diligence before investing in such IPOs mindlessly. In particular, investors need to be cautious about the new age tech companies which have the least potential of making profits in a consistent manner. In fact, companies like Paytm have forecast losses in the foreseeable future. 

IPOs provide an exit route for the early stage investors in these startups by making a huge killing on their small investment years back. IPOs of these new age tech companies may not be beneficial for the normal investors. Investors should go back to their drawing rooms and figure out the company's potential before investing rather than get carried away by the euphoria in the stock markets. 

[salam2050]

Warren Buffett-backed Paytm crashes 27% after milestone IPO for India

Warren Buffett-backed Paytm crashes 27% after milestone IPO for India

It’s turning into a monumental year for India’s stock market, as yet another big startup makes its public debut. Source link

[new-haryanvi-ragni]

Paytm stock crash: Nykaa boss Falguni Nayar now 5 times richer than Vijay Shekhar Sharma

Paytm stock crash: Nykaa boss Falguni Nayar now 5 times richer than Vijay Shekhar Sharma

According to Forbes ‘The Real-Time Billionaires List’, Vijay Shekhar Sharma’s net wealth is $1 billion while Falguni Nayar’s personal wealth is about $5 billion.  source https://zeenews.india.com/companies/paytm-stock-crash-nykaa-boss-falguni-nayar-now-5-times-richer-than-vijay-shekhar-sharma-2446032.html

[goldwingsartsinstitute]

Paytm Share Price On Stock Market Debut: Paytm Crashes In Market Debut: Here's What Analysts Said

Paytm Share Price On Stock Market Debut: Paytm Crashes In Market Debut: Here’s What Analysts Said

Paytm is backed by Jack Ma’s Ant Group, Japan’s SoftBank, and Warren Buffett’s Berkshire Hathaway Digital payments firm Paytm crashed as much as 26 per cent in a weak stock market debut on Thursday, a week after the country’s biggest-ever initial public offering (IPO). Paytm’s IPO was subscribed 1.89 times last week. The stock opened for trading at Rs 1,950 on the NSE from its issue price of Rs…

[techminsolutions]

Paytm crashes 27% on market debut, wipes out Rs 38K-cr in investor wealth

Paytm crashes 27% on market debut, wipes out Rs 38K-cr in investor wealth

One97 Communications, the parent company of digital payments major Paytm, made a dismal debut on the bourses on Thursday, listing at a 9 per cent discount to the issue price of Rs 2,150 as concerns over the company’s lofty valuation and scepticism about its business model weighed on the stock. The stock plummeted as the day progressed, hitting the 20 per cent lower circuit, causing a halt in…

[innocentamit]

India: Bad start of the stock market crash in Sensex Nifty trade below 17800 - Business News India

India: Bad start of the stock market crash in Sensex Nifty trade below 17800 – Business News India

Share Market Updates: The start of the retail market was disappointing today. On the first day of trading week, Sensex saw a fall of 300 points on open trades. At 9:18 am, the 30-sensitive index Sensex was trading at 59,310.73, down 325.28, or 0.55%, at 9:18 am. At the same time, Nifty was trading at 17,764.80, down 133.85 points. There was a big fall in Paytm shares again this morning. Reliance…

[technomoz]

Paytm IPO debacle: Advice and sympathies pour in for investors

Paytm IPO debacle: Advice and sympathies pour in for investors

One97 Communications Ltd. registered. , the parent company of digital payments platform Paytm, had the worst trading debut in at least two decades as the stock collapsed 27 percent on Thursday. In a tweet, Harsh Goenka, President of RPG Enterprises, cautioned, “For those who have signed up for IPOs – let this be a lesson. For those looking forward to IPOs – be extra careful. Back to Basics –…