Paytm’s share price is experiencing notable fluctuations. Currently, the stock is trading at ₹672.30, a decrease of approximately 4.66% from its previous close of ₹705.15. This decline follows a series of negative financial reports, including a loss of ₹838.9 crore for the fourth consecutive quarter and a significant quarter-over-quarter revenue drop of 31.67%, marking the lowest performance in three years.
Paytm Share Price Full Details
Current Performance Overview
- Current Share Price: ₹672.30
- Previous Close: ₹705.15
- Day Range: Low of ₹651 and High of ₹688
- 52-Week Range: Low of ₹310 and High of ₹998
- Market Capitalization: Approximately ₹44,259 crore
- P/E Ratio: -22.9, indicating ongoing losses
- ROE (Return on Equity): -10%, reflecting poor profitability
Recent Technical IndicatorsTechnical analysis shows mixed signals for Paytm:
- Bearish Signals:
- The stock has formed a white spinning top pattern, indicating potential indecision among investors.
- Recent moving average crossovers have shown bearish trends, particularly the 5-day EMA crossover which appeared on September 27, 2024,
- Bullish Signals:
- The 10-day EMA crossover, noted on September 24, suggests potential upward movement in the near future.
- Historical data indicates an average price gain of 6.41% within seven days following bullish signals in recent years,
Expected Paytm Share Price Targets
Analysts have varied expectations for Paytm’s stock price in the coming months:
- Short-Term Target: Some analysts predict that Paytm could reach around ₹935, representing a potential upside of approximately 44% from current levels,
- Resistance Levels:
- First Resistance: ₹669.30
- Second Resistance: ₹687.05
- Third Resistance: ₹697.70
- Support Levels:
- First Support: ₹640.90
- Second Support: ₹630.25
- Third Support: ₹612.50,
Paytm Share Price Market Sentiment and Future Outlook
Market sentiment towards Paytm remains cautious due to its recent financial struggles and declining institutional holdings. The company’s ability to return to profitability is under scrutiny, with analysts noting that it needs to improve its pre-tax margins and overall financial health to regain investor confidence.
Despite these challenges, some investors are looking at the stock as a potential buy opportunity given its historical highs and the possibility of recovery if operational efficiencies are improved.
