Paytm Share Crash: Paytm shares continue to decline. The company’s shares have been seeing more than 70 per cent decline since listing. Exactly one year ago, investors invested money in Paytm’s IPO to earn a strong amount, but within a year, investors have become pauper. Paytm is not naming investors’ bad days to end. Today, even after Wednesday’s trading, the company’s stock has fallen by 5.6 per cent to 450 levels.
Continuously dominates decline since listing
Paytm’s parent company One97 Communication, which has been the second largest ever in the country, has dominated a strong decline since its listing in shares of the country, carrying an IPO of Rs 18,300 crore. Shares of the company were down by about 8 per cent on Tuesday. At the same time, more than 5 percent slipped on Wednesday.
Shares closed at level 450
The company’s shares are currently trading at a 52-week low. The company’s stock is closed at a level of Rs 450 today. At the same time, Abatak’s low level is Rs 438.35 per share. Also, if it is to record level, it is 1873.70. This is the record level of the last 52 weeks.
10 years ago the company started business
Just 10 years ago, Paytm Company started its business. The company started its business as a mobile recharge platform in the market. After the demonetisation in 2016, the business of Paytm Payment Service reached the sky.