Yes, it is completely safe to invest your money in the stock market using Paytm money App. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. And, to give tough fight to top existing players it has to keep its services up to the mark.
Is it good to invest in Paytm?
The selling pressure in Paytm is catastrophic and it is well supported by the overall market sentiments. … Ravi Singhal, Vice Chairman of GCL Securities has recommended to Buy the Paytm stock near ₹800 with keeping target prices of ₹1300,1700 and stop loss of ₹666.
Is Paytm good for long term investment?
For investors who want to invest for the long-term, Paytm at this price point is a good buy. … The scrip listed at a discount of 9.30 per cent at Rs 1,950 on the NSE against the issue price of Rs 2,150 per share.
Can Paytm bounce back?
Shares of Paytm rebounded in Friday’s early deals after declining to as low as ₹995 in opening trade. Though, Paytm shares are still down over 50% from its initial public offering (IPO) issue price of ₹2,150 amid a spate of bearish views. …
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Will Paytm survive?
Paytm, which has moved wildly since its listing after India’s largest initial public offering, has received the first buy rating from a brokerage that expects the company to turn profitable by March 2026. … The brokerage has set a target price of Rs 2,500 ($33.4), which is 16% higher than the company’s issue price.
What is the highest return stock?
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|NIKE, Class B||42,111||22.32|
How much will Paytm fall?
On NSE, the scrip hit a lifetime low of Rs 952, down about 4 per cent. It is now down 56 per cent from its IPO price of Rs 2,150. The market cap of the company fell to a low of Rs 62,000 crore. Shares of its new-age tech peers Zomato, PB Fintech and CarTrade have also been on a downward journey.
Will Paytm ever go up?
JPMorgan said Paytm is unlikely to be replicated by competitors that are mostly vertically focused. The foreign brokerage expects Paytm to sharply beat consensus FY23 and FY24 estimates.
Why is Paytm falling?
Why the fall? Shares of Paytm fell 6 per cent Monday and they have lost 13 per cent since December 31, 2021. While mutual funds held 0.81 per cent in the company as of November 17, 2021, disclosure of reduction in holding by HDFC Mutual fund in the company, weakened investor sentiment.
Is Paytm stock going to increase?
In addition, Paytm continues to gain market share across both UPI and non-UPI, and its lending business is seeing robust traction (up 201 per cent YoY revenue growth in Q3). We raise our topline estimates for Paytm by 7-10 per cent and expect growth momentum to sustain,” it said.
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