Paytm Founder Vijay Shekhar Sharma
Seeing the attitude of RBI Governor Shaktikanta Das a day earlier, Paytm's stock appeared quite nervous in the market on Tuesday and traded at the lower circuit of 10 per cent. Due to which Paytm's share reached record low. The special thing is that ever since the order came from RBI, there has been a decline of more than 50 percent in the shares of the company. Also, during this period the valuation of the company has increased by more than Rs 24,000 crore. Let us also tell you what kind of figures Paytm is showing in the stock market.
Company's shares at record low
Shares of One97 Communications Limited, the parent company of Paytm brand, fell by 10 percent on Tuesday and reached a record low level. Shares of One97 Communications fell below the Rs 400 mark on both the major bourses for the first time after it ruled out any review of the Reserve Bank of India's action against Paytm Payments Bank. The scrip fell 10 per cent to close at the lower circuit of Rs 380 and Rs 380.35 on NSE and BSE, respectively. This is the low level of the last 52 weeks. During the day, 1.14 crore shares of the company were traded on NSE and 15.92 lakh shares were traded on BSE.
More than 50 percent loss in 9 trading days
If we talk about the last trading days i.e. after the RBI order, then there has been a decline of 50 percent in the shares of Paytm's parent company. When the market closed on January 31, the company's shares were at Rs 761. Now its price has come to Rs 380.35. This means that the company's shares have fallen by Rs 380.65 in 9 trading days. If an investor has 1000 shares, his valuation will have reduced by Rs 3,80,650.
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Company's status halved
Yes, the language of this market is called market position, market cap or valuation. The market cap of the company on January 31 was around Rs 48,334.71 crore. Since then there has been a continuous decline. At present the market position of the company has reduced by more than 50 percent. After the Sensex closed, the market cap of the company was Rs 24,157.83 crore. This means that the valuation of the company has reduced by Rs 24,176.88 crore in 9 trading days. This is also called the loss of the company.
When RBI Governor showed his attitude
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday ruled out any review of the action taken against Paytm Payments Bank (PPBL). He had said that this decision has been taken after a comprehensive assessment of the functioning of PPBL and keeping in mind the interests of the customers. The Reserve Bank of India (RBI) had on January 31 directed Paytm's unit Paytm Payments Bank Limited (PPBL) not to accept deposits or top-ups in any customer account, prepaid product, wallet and Fastag after February 29, 2024. . One97 Communications holds 49 per cent stake (directly and through its subsidiary) in PPBL. Company founder Vijay Shekhar Sharma holds 51 percent stake in the bank.