Paytm Share News: The stock of digital payment company Paytm is running high these days. Paytm stock has seen a strong recovery recently after wasting huge capital of investors. Due to this, this stock has increased by about 90 percent from its lower price. In November 2022, Paytm’s share fell to 438 on NSE. Whereas today this share had increased to 871. After this, the stock fell 2.71 percent to close at 842.
52 week low Rs. 438
Paytm’s stock reached a 52-week high. 914 while the 52 week low was Rs. There are 438. In the last one year, the stock of Paytm has increased by 30 percent. A year ago this share was at 648 from where it has increased to 842. Since January 2023, this stock has increased by 58 percent. On January 2, 2023, Paytm’s share was running at 532. If one lakh capital had been invested in this share in the first week of January, today its value would have been Rs 1.58 lakh.
18% increase in one month
The stock has gained 67 per cent in the last six months while Paytm has gained 18 per cent in a month. At present, experts are bullish on Paytm shares and are recommending buy. Once this stock breaks the level of Rs 900 and then it can go up to Rs 1000. Shares benefited as Paytm narrowed its quarterly loss sharply.
More bullish trend can be seen in this stock
The Paytm stock is listed as One 97 Communication and has been in a seven-month rally due to improving financials. Choice Broking said in its report that the stock may see more bullish trend. As soon as the level of 900 is crossed, the bullish atmosphere in this stock will increase. IIFL gives a target price of up to Rs 1000 for this stock. In the fourth quarter, Paytm’s revenue was recorded at 2334 crores. However, some experts also believe that provisional investors should avoid taking positions in this stock for the time being. This stock can be considered a buy only if it goes above 900.
