Shares of fintech company One 97 Communications Limited, which is the parent company of Paytm, saw a huge fall on Friday. The stock fell 6.47% to the day’s low of ₹836.10 on the last trading day of the week. This is 21.35% lower than its 52-week high of ₹1,063 recorded on December 17 last year. However, the stock has gained more than 80% in the last six months.
20 January 2025: Important day for Paytm
Paytm is scheduled to announce its third quarter (October-December) financial results on January 20, 2025. It is noteworthy that during the September 2024 quarter, the company had registered quarterly profit for the first time after listing.
- Q2 FY25: Profit of ₹928.3 crore
- Q1 FY25: Loss of ₹838.9 crore
- FY24 Q2: Loss of ₹290.5 crore
Discussion increased due to recent deals
Last year, Paytm had sold stake in Japan’s PayPay Corp through its Singapore subsidiary. Additionally, the company sold its ticketing business to Zomato in August 2024, which boosted the company’s cash flow.
expert opinion
Kranti Bathini (WealthMills Securities)
“Investors who had invested in Paytm at lower levels should consider booking profits at the current levels,” he said. The stock has made a spectacular recovery from the all-time low of ₹310. Booking profits now may be a wise move.”
Ravi Singh (Religare Broking)
“Paytm stock looks weak on daily chart and may slip to ₹780 levels. “Investors should consider exiting the stock at current levels.”
AR Ramachandran (SEBI-Registered Research Analyst)
“Paytm is currently in a bearish phase and may go towards ₹993 levels in the near future,” he said.
What to do for investors?
- Investors who bought shares at lower levels can book profits.
- Those willing to take risks can keep an eye on the upcoming quarterly results and long-term prospects.
- Short-term traders may decide to exit the stock considering the downtrend.
squeeze
Given the recent fall in Paytm’s stock and the upcoming quarterly results, this is an important time for investors. Experts are advising profit-booking, but long-term investors can rely on the company’s strategic deals and growth plans.
