As Paytm stock hits new low, Citi sees 139% upside
Shares of Paytm fell 2.5% to ₹441 on Thursday, about 80% lower from its IPO issue price of ₹2,150.
Shares of Paytm fell 2.5% to ₹441 on Thursday, about 80% lower from its IPO issue price of ₹2,150.
The share price of Paytm's parent company further tanked today to a new all-time low of ₹536.20 as BSE inquired about the sharp decline in the scrip.
The stock has tanked over 66% from its issue price of ₹2,150 in less than four months.
Stock option costs expected to erode P&L amid an already weak business model.