Paytm share price Today: Paytm stock crashes another 10% | Clear Update

Paytm share price

Paytm share price closed today at ₹438.35, down -10% from yesterday’s ₹487.05. The stock has been experiencing a sharp decline in recent days, with a 20% drop on day 2 of the decline. The decline is attributed to a lack of near-term solutions to the company’s woes. The company has been facing reputational risks greater than earnings impact. Morgan Stanley Asia has bought Rs 244 crore worth of stake in Paytm for a client. The historical data for the stock price is available on various websites.

Paytm’s Recent Stock Performance

Closing Statistics on February 5, 2024

On the closing bell of February 5, 2024, Paytm’s stock exhibited noteworthy figures. Opening at ₹487.05, it concluded the day at ₹438.35, marking a substantial 10% decrease from the previous day’s closing price. The highest and lowest prices during the day mirrored the opening value, standing at ₹487.05. Paytm’s market capitalization was reported at ₹30,931.59 crores.

52-Week Highs and Lows

Understanding the 52-week performance is vital for investors. Paytm’s stock showcased a 52-week high at ₹998.3 and a low at ₹487.05, emphasizing the range of fluctuations within the past year.

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Comparative Analysis with Peers

Stock Peers Comparison

A comparative analysis with Paytm’s peers reveals valuable insights:

• One 97 Communications: Closing at ₹438.35 on the same day, it experienced a notable 10% decrease, emphasizing a negative trend. The net change was reported at -48.7.
• Housing & Urban Development Corporation: Trading at ₹201.15, the stock exhibited a 3.29% decrease, demonstrating a different trajectory compared to Paytm.
• Sundaram Finance: Closing at ₹3663.15, it experienced a positive 1.48% change, showcasing the diversity in stock performance within the industry.

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Intraday Price Movements

Intraday Fluctuations on February 5, 2024

Throughout the trading day, Paytm’s stock experienced fluctuations, with a low of ₹438.35 and a high of ₹438.7, emphasizing the dynamic nature of its price movements.

Short-Term and Long-Term Trends

As per technical analysis, the short-term and long-term trends for Paytm share price indicate a bearish outlook, reflecting potential challenges in the near and distant future.

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Moving Averages Analysis

Simple Moving Averages (SMA) Analysis

Understanding the moving averages aids in predicting trends. For Paytm:

• 5 Days SMA: ₹673.81
• 10 Days SMA: ₹719.82
• 20 Days SMA: ₹713.67
• 50 Days SMA: ₹708.91
• 100 Days SMA: ₹804.24
• 300 Days SMA: ₹793.57

Live Updates and Future Considerations

As of the latest update, Paytm share price stands at ₹438.35, indicating a substantial decrease of 10% with a net change of -48.7. Investors are advised to stay vigilant, considering the dynamic nature of the market.

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Conclusion

In conclusion, Paytm’s recent stock performance highlights the need for careful consideration by investors. The detailed analysis provided here equips investors with a comprehensive understanding of the various facets influencing Paytm’s stock. As the market continues to evolve, staying informed is key to making well-informed financial decisions.