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HomeBANKING78% Share Crash; ₹2150 Share Now Only ₹473; Suddenly Massive Buying Start

78% Share Crash; ₹2150 Share Now Only ₹473; Suddenly Massive Buying Start

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One 97 Communications Ltd ( NSE: PAYTM) Share Buy or Exit: Much below its IPO price of ₹ 2,150, Paytm parent company One97 Communications Ltd’s shares are trading at around ₹ 472. That too, when it has jumped about 14 percent in the last two sessions. 

Today, tremendous buying is being seen in this stock. Today i.e. on Monday, it rose 9% to ₹ 475.85. 

Earlier, it had also risen by 6% on Friday. With today’s rise, Paytm shares have reached the highest level in five months. Let’s understand from the experts whether this is a buying opportunity or if should we stay away from it.

Earlier this year, RBI took major action on its payment bank. This led to a huge decline in Paytm shares and before recovery, the stock fell from ₹ 760 to an all-time low of ₹ 310.

Why Is There A Boom Now?

Last week, One 97 Communications Ltd announced the launch of “Paytm Health Sathi”, an exclusive health and income protection plan designed for Paytm’s merchant partners and available through the ‘Paytm for Business’ app.

What To Do Now, Buy, Sell, Or Hold

Experts said that his is the beginning of a new uptrend for One 97 Communications Ltd. Hopefully, this momentum will take the stock to the level of ₹ 540. 

If there is a downside, be prepared to keep a stop loss of ₹ 440. He has recommended the stock to his clients. 

Paytm was one of India’s biggest IPOs before LIC overtook it in May 2022. However, the stock was listed at a huge discount to its IPO price of ₹ 2,150 and has not touched that level since then.

Paytm Shares Are Down 78% From Its IPO Price

Despite the last two days of gains, One 97 Communications Ltd shares are still 78% below their IPO price. The stock has gained 17% so far in July after an 11% jump in June.

This comes after four consecutive months of losses. The stock has fallen 27% so far in 2024.

One 97 Communications (Paytm) Stock Performance

Current Price₹ 472
52-wk High₹ 998 
52-wk Low₹ 310
5 Days Return14.71%
1 Month Return21.57%

Key Fundamentals Parameters

Market Cap₹ 30,038 Cr.
Stock P/E
Book Value₹ 210
Dividend0.00 %
ROCE-10.2 %
ROE-10.7 %
Face Value₹ 1.00
P/B Value2.25
OPM-11.7 %
EPS₹ -22.3
Debt₹ 177 Cr.
Debt to Equity0.01

One 97 Communications (Paytm) Shareholding Pattern

FII Holding
Mar 202371.83%
Jun 202372.11%
Sep 202360.92%
Dec 202363.72%
Mar 202460.41%
DII Holding
Mar 20233.19%
Jun 20233.54%
Sep 20234.05%
Dec 20236.07%
Mar 20246.85%
Public Holding
Mar 202324.98%
Jun 202324.35%
Sep 202335.02%
Dec 202330.22%
Mar 202432.75%
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One 97 Communications (Paytm) Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 3,279 Cr
2021₹ 2,801 Cr
2022₹ 4,974 Cr
2023₹ 7,990 Cr
2024₹ 9,978 Cr

Last 5 Years’ Net Profit:

2020₹ -2,942 Cr
2021₹ -1,701 Cr
2022₹ -2,396 Cr
2023₹ -1,776 Cr
2024₹ -1,422 Cr

Conclusion

This article provides a detail guide about One 97 Communications Ltd (Paytm) share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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