Paytm’s Stock Sees Significant Rise Amid Market Activity

On August 30, 2024, Paytm experienced a notable increase in its share price, closing at ₹621.8, reflecting a 12.15% rise from the previous day’s close of ₹554.45.

On the last trading day, Paytm opened at ₹558.05 and fluctuated throughout the day, reaching a high of ₹565 and a low of ₹540.05. The company’s market capitalization is recorded at ₹35,284.34 crore, with a trading volume of 981,579 shares on the Bombay Stock Exchange (BSE).

The 52-week trading range for Paytm indicates a high of ₹998.3 and a low of ₹310. Recent filings disclose that the company holds a mere 0.04% in mutual fund investments, alongside a foreign institutional investor (FII) holding of 20.48%, which has seen a slight decrease from 20.64% in recent quarters.

Financial performance indicators reveal that Paytm reported a Return on Equity (ROE) of -10.76% for the previous fiscal year, with projections estimating an ROE of -15.07% for the current fiscal year and -5.02% for the following year. The Return on Investment (ROI) during the same period was -10.48%.

Over the last three years, Paytm has reported a staggering decrease in Earnings Per Share (EPS) by -99999.99%, contrasted by a revenue increase of 52.70%. However, in the trailing twelve months, the company’s revenue stood at ₹91,378.00 crore, which is 8.42% lower than the revenue from the most recent fiscal year.

For the upcoming second quarter, expectations suggest a revenue decline of 34.69% coupled with a profit increase of 152.81%. Analysts currently have a recommendation trend showing a ‘Sell’ rating for the stock.