Paytm stock continued its downwards trend for the eighth straight day. It lost nearly 21% during this period. The stock is trading around Rs.1026 on NSE in Thursday intra day trading.
The stock is 51% down from its listing price. Because of this fall, it lost significant market capitalisation. Its market cap came from Rs. 1.39 Lakh Cr. to Rs. 68,960 Cr. The Macquarie’s report made huge impact in which it sets the target price for Paytm at Rs. 900 per share.