Today, the share of Paytm rose 6 percent to Rs 647 in intraday. On Tuesday, it closed at Rs 610. The company has released updates for FY 2022.
One 97 Communications (Paytm) Stock Price: Today, the shares of Paytm, which continuously disappoint the investors, are seeing a great rally. Today, the stock gained 6 per cent to reach Rs 647 in intraday. Whereas on Tuesday it closed at Rs 610. Actually the company has released updates for FY 2022 which are very strong. Paytm’s loan disbursement has increased by about 478 percent in FY 2022. At the same time, the aggregate loan value has increased by 417 percent in Q4. After which the sentiment regarding the stock has become strong. Experts are seeing some more upside in the stock from the lower levels ahead. But conservative investors are advised to stay away.
Excellent growth in loan disbursement
Paytm has informed that in the financial year 2022, the loan disbursement of the company has increased by about 478 percent on an annual basis. That is, about 6 times growth has been seen in it. In the entire year, loans worth about 7623 crores were disbursed. At the same time, the aggregate loan value has increased by 417 percent in Q4. The aggregate loan value in Q4 increased by 417 per cent to 3553. There have been 65 lakh loan disbursements in Q4. Average monthly transacting users have also increased on a yearly basis. Super App Average MTU has increased by 41 percent to 7.09 crores.
The stock sank the wealth of the investors
Paytm’s IPO came only last year. It has been in the most popular IPO of the year 2021. This was the biggest IPO ever, with an issue size of Rs 18,300 crore. The company had fixed an upper price band of Rs 2150 under the issue. But even after being the biggest and popular IPO, it disappointed the investors. The company’s stock was listed in the market on 18 November 2021. It was listed at Rs 1955 as against the issue price of Rs 2150, which is a record high. On the listing day, it fell 27 percent and closed at Rs 1564. Recently the stock touched its record low of Rs 521. Presently the share is at Rs 647. That is, it has 24 percent recovery from record low.
Share can show a price of Rs 770 to 870
Swastika Investmart Ltd. Santosh Meena, Research Head, says that Paytm’s shrier has been a wealth destroyer for investors. However, in this, the boying interest is being seen in the 500-600 zone. However, there are still some negative points regarding the stock. For example, when will the company become profitable. At present, a level of Rs 770/870 can be seen in this counter due to bargain buying in the next few days. But conservative investors are advised to stay away from it.
Paytm will become a profitable company: Vijay Shekhar Sharma
Company’s CEO Vijay Shekhar Sharma said that he is sure that the company will achieve EBITDA breakeven in the next 6 quarters without compromising on its growth plans. He said in the company’s update that even though the stock is trading well below the issue price under the IPO, the team at Paytm is committed to making it a large and profitable company as well as creating long-term shareholder value. Sharma said that my stock grant will be given to me only when the market cap of the company crosses the level of IPO on a continuous basis.
(Disclaimer: Stock advice of the company is given by experts. These are not the personal views of The Financial Express. Markets are subject to risk, so take expert opinion before investing.)
