Shares of Paytm dropped 26 PERCENT in only two weeks.

|| Shares of Paytm dropped more than 1500 a share ||.Paytm Stock || Paytm Stock Price || Shares of Paytm dropped 26 PERCENT in only two weeks.||

Shares of Paytm dropped 26% in only two weeks, costing investors more than 1500 a share.

Paytm Share: On Tuesday, the company’s stock fell once again. Today, 197 Communications stock had a significant drop. India’s biggest payments platform, Paytm, is run by 197 Communications. On the BSE, its shares fell by about 10% during trading on Tuesday. The stock lost value from its earlier low of Rs. 511 as well.

Shares of Paytm dropped 26 PERCENT in only two weeks.

Paytm stock is consistently declining.

The shares of fintech business Paytm has decreased by 26% during the past two weeks. In the past year, the share price of Paytm has decreased by more than half, or 64%, compared to the benchmark index’s 4.8% growth. Paytm shares are currently trading 78% below their IPO price of Rs 2,150 per share. On November 18, 2021, the day of its debut, the stock reached a record high of Rs 1961.

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Shares are being sold quickly by investors.

Describe how shareholders in Paytm are constantly selling their shares.Shares of Paytm dropped 26 PERCENT in only two weeks. SoftBank Group Corp. sold a 4.5 percent share in Paytm through block transactions on November 17, 2022, for a total of Rs 1,630 crore. Shares of SoftBank Vision Fund (SVF) India Holdings (Cayman) were sold for Rs. 555.67 each. By September 30, 2022, SVF India Holdings (Cayman) will only have a 12.93% share in Paytm following this transaction, down from 17.45% at the time.

How robust is the company’s foundation?

Over 337 million people presently utilise Paytm. Here, there are connections to more than 21 million retailers. It is India’s top digital ecosystem based on these numbers. Paytm makes it easier for customers and businesses to use payment services, mobile banking, loans, insurance, and money-broking services.

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