A big update has come regarding Paytm. After this update, there is a strong rise in the shares of Paytm’s parent company One 97 Communications Limited. Shares of Paytm rose by 10 percent on Friday to reach Rs 381.20 on the Bombay Stock Exchange. Shares of Paytm had closed at Rs 346.55 on Thursday. The circuit limit of Paytm has been revised from Friday. The 52-week high level of the company’s shares is Rs 998.30. The 52 week low level of Paytm shares is Rs 310.
Now the circuit limit of Paytm shares is 10%
The circuit limit of Paytm has been revised to 10 percent. Earlier this circuit limit was 5 percent. The National Stock Exchange (NSE) has said that the price band has been revised from the current levels from June 7, 2024. Stock exchanges had earlier reduced the circuit limit of Paytm shares. Apart from Paytm, the price bands of Bharat Dynamics Limited, Ather Industries, Hindustan Zinc, Cochin Shipyard have also been revised.
This small share climbed 55% in 5 days, investors’ money doubled in just 1 month
Company’s IPO came at Rs 2150, shares have fallen 47% in a year
Paytm’s IPO came at a price of Rs 2150. The IPO of the company was opened on 8 November 2021 and it remained open till 10 November. Paytm’s IPO was subscribed 1.89 times in total. Paytm shares have seen a decline of more than 47% in the last one year. Shares of Paytm’s parent company One97 Communications Limited were at Rs 727 on June 7, 2023. Paytm shares have reached Rs 381.20 on June 7, 2024. In the last 6 months, Paytm shares have seen a decline of about 43%. During this period, the company’s shares have fallen from Rs 661.35 to Rs 381. At the same time, Paytm shares have seen a decline of 41% so far this year.
Wipro gets big work from America, shares rise by 5%, investors happy
