India Business News: Paytm shares experience a significant decline of up to 9.88% after global broking firm Macquarie downgraded the company. Macquarie expressed concerns
Paytm Shares Nosedive 10% To Hit Record Low Today freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Paytm saw a large deal in early trade on Feb 7, in which around 21 lakh shares or 0.3 percent of equity worth Rs 103 crore changed hands. The details of the buyer and the seller are not yet known
Paytm s freefall in shares seems to have found a bottom after 3 days of selling that eroded investor wealth. Bernstein screamed buy the dip and the stock rallied 5% today. Regulatory action will impact investors assessment of the business model risk and management s ability to handle regulatory risk. Market analyst Sanjiv Bhasin is waiting for more clarity on the Paytm fiasco.