Paytm shares crashed 9% more to a fresh 52-week low, down 65% from highs, Since January 31, after the RBI imposed its restrictions, Paytm shares have shed more than half their value, tanking around 53 percent.Paytm shares went deeper into the red, trading 9 percent further down early on February 14, and slipping below the Rs 350 mark, as the crisis looked far from over for parent One97 Communicati...

On the daily chart, we observe that Nifty has recently bounced back from the lower end of a downward-sloping channel. So while there is a possibility of a pullback rally emerging, we must remember that the intermediate trend remains down. This intermediate downtrend will continue if the recent low of 16,850 is broken. A pullback rally is likely if the Nifty can take out the immediate resistance of...

New-age stocks have been falling for quite some time as overvaluation concerns overpowered growth exuberance in such new-age listed companies. Paytm share price is down 28% from its 52-week high, Zomato is down 44%, PB Fintech is down 39%, and Nykaa is down 54%. “Pricey Valuations coupled with lack of earnings visibility continue to plague several New Age stocks across segments and investors are...

Paytm shares recovered partly today after sinking 9% on Friday after the Chinese e-commerce giant Alibaba offloaded its entire holding in the online payments aggregator. Paytm shares rose 4.28% to Rs 678.00 on BSE in an otherwise negative market with Sensex and Nifty 50 falling half a percent. Alibaba offloaded 21,431,822 shares of Paytm’s parent One97 Communications in a bulk deal on Friday, tr...

Paytm achieved profitability three quarters ahead of its guidance, causing the market sentiment regarding the payment aggregator and financial services firm to turn positive, and sending the share price soaring. The company reported a revenue of Rs 2,062 crore in Q3FY23, up 42% on-year, while the firm’s contribution profit was up 131% on-year at Rs 1,048 crore. The stock has seen a rise of 28% f...