Shares of Paytm rallied investors, falling 44 per cent

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- Investors lost more than 800 rupees per share

New delhi date. Monday, November 22, 2021

Paytm, the country's largest digital payment service provider, has hit investors hard. Shares of Paytm's parent company One97 Communications, which launched its largest-ever IPO of Rs 18,300 crore, are still falling, starting from the day of listing. Its share price is currently down about 44% from the issue price.

Shares of Paytm were listed on the stock exchange on Thursday last week. Its listing was about 9 percent lower than the issue price. After the first day of listing, its share price continued to decline and by the end of the trading was down 27%. Today, on the first day of the week, it dropped by as much as 17 percent. In just two days, the company's share price has fallen by more than 44 per cent.

Loss of Rs 800 per share to investors

Shares of Paytm traded down 11.98 per cent at Rs 1,376.75 at 11:30 am on Monday. It fell to Rs 1350.35 during trading on the BSE. In this way, investors have lost more than Rs 800 per share. The company's GMV in October rose 131 per cent year-on-year to .2 11.2 billion. But it has been declining since it was listed on the market.

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