On 07.12.2023, Company One 97 Communications Ltd is opened with 20% down today morning as market open. Paytm is not preformed well on the implementation of policy as per decided path.
Current Price of the share on NSE at 13.51 pm on 07.12.2023 is 669.50 INR. ( −143.55 (17.66%)today down)
Track live Price:https://www.nseindia.com/
Paytm Share Crash by 20 % Top Looser Insight.
on 07.12.2023
Majorly the reason that affect the stock of Paytm is due to cut off of Small Post Paid loans and Personal Loans offered to its users. Company now wants to implement new strategy and provide loans more than Rs.50000 to the customer having more credit worthiness and great history of repayments. Paytm is also having some negotiations with Banks and NBFC’s to provides such financing option more efficiently. Company also planning to provide business loans to their users and clients.
Investors are not sure about the performance of the company after implementation of this policy so market suggesting down side sentiments and share prices are down today and will be recovered soon.
Many investors also has belief that Berkshire Hathaway’s November 2023 exit @ 40% loss on investment as Exit loss. This meant that Leading investor has exited Paytm, India’s leading digital payments and financial services platform, after incurring an overall loss of about ₹600 crore. Which is also a one reason for the downward stock prices. Paytm’s pre-IPO investors have been selling their shares and also Soft bank selling Paytm’s shares in open market.
This are the key reasons behind price of Paytm Share Crash by 20%. ( One 97 Communications Ltd)
Insightful piece