IPO came at ₹ 2150, today the price is 659 rupees, experts said – bet, now the price will increase
Paytm Share: Ahead of the March quarter report, the stock of Paytm’s parent company One97 Communications is showing a boom. At the same time, experts are also seeing a rise in the stock.
Paytm Share: Ahead of the March quarter report, the stock of Paytm’s parent company One97 Communications is showing a boom.
At the same time, experts are also seeing a rise in the stock. On Monday, the first trading day of the week, the company’s shares rose nearly 2 per cent.
During trading, the share price reached Rs 663.50. The closing price was at Rs 655.20, showing a gain of 1.42%.
What the Experts Say
The domestic obligation has changed the fixed price for this stock. The allotment price of shares for the limit has been fixed at Rs 700.
This right could cause a 7% gain in the stock. Yes Niatz has expressed hope in a note that there is a lot of potential for growth in small revenue.
The note states that the loan disbursement company has a claim. Income from work is also expected to increase. According to its terms, the company is now returning to the same track.
In the third quarter of FY24, the income was Rs 2,062 crore, a growth of 42%. This reinforces the expectations for the March quarter.
Return
Paytm’s share price has gained almost 11% in a month. At the same time, in 2023, the stock has given a return of more than 23 percent.
Let us tell you that the IPO of the company came in the month of November 2021. The issue price for the IPO was fixed at Rs 2150. The share price has not yet reached the level of the issue price.
