December 12, 2023
Stocks

Paytm's stock has experienced a 38% decline since its October peak. What is the recommended course of action: Buy, Sell, or Hold?

In today's stock market, Paytm (One 97 Communications) is facing weak investor confidence, evident in its share price experiencing over a 37% correction from October highs. The recent decision by the company to reduce small-ticket loans in response to regulatory changes has led to downgrades by brokerage firms, further dampening investor sentiment. During intraday trades on the BSE, Paytm's share price declined by up to 6.25% on Tuesday. Analysts emphasize that the company's strategic shift away from small-ticket Buy Now, Pay Later (BNPL) loans is anticipated to significantly impact its overall loan originations, given that this segment constitutes over 50% of total disbursements.

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