Paytm Post Listing View By Mr. Rahul Sharma, Equity99
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Below is the Paytm Post Listing View by Mr. Rahul Sharma, Co- Founder, Equity99.
Paytm Listing View from Mr. Rahul Sharma, Co-Founder, Equity99. Paytm lists at a 9% discount and has corrected almost 25% post listing. It was incidental from the weak response received from the public as the retail portion was subscribed only 1.66 times & NII 0.24 times. Also, It`s a loss-making company as it declared a net loss of 4230Cr, 2942Cr & 1701Cr respectively for FY19, FY 20 & FY21. Short-term investors might remain in this counter as we might see some pullback but we don`t expect any momentum in long-term so long-term investors may take the exit and wait for declines and to check the roadmap of development in the coming days before adding to the portfolios.
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