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Paytm shares rebound after all-time low, settles up 8%
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SME Times News Bureau | 14 Jan, 2022
Shares of One97 Communications-owned Paytm rebounded on Friday after a sharp fall in the past few sessions.
Notably,
the shares hit an all-time low of Rs 1,000 recently. On Friday, the
shares settled 8.2 per cent up at Rs 1,116 per share.
Brokerage
house Macquarie in its latest report lowered its target price for the
share to Rs 900 from Rs 1,200 and retained its 'underperform' rating.
Besides,
citing lower revenue and higher employee as well as software costs, it
projected 16-27 per cent losses for the company during FY22-FY25.
Since
the listing on the exchanges on November 18, 2021, it lost around 29
per cent of its value. It was one of the worst debutants on the Indian
exchanges.
At present, Paytm's parent company One97 Communications' total market capitalisation is worth Rs 72,350 crore, NSE data showed.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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