Ind Quiz - Why did Paytm share price touch a lifetime low of Rs. 475.55 per share on Tuesday (22 Nov 2022) from the IPO price of Rs. 2,150 in Nov 2021?

Why did Paytm share price touch a lifetime low of Rs. 475.55 per share on Tuesday (22 Nov 2022) from the IPO price of Rs. 2,150 in Nov 2021? Ind Quiz Answer

Q2# Why did Paytm share price touch a lifetime low of Rs. 475.55 per share on Tuesday (22 Nov 2022) from the IPO price of Rs. 2,150 in Nov 2021?
Competition from Jio Finance
Weak financials and brokerage outloo
Both

Correct Answer 2 is: Both
Paytm's share price has been under pressure due to weak financials and a bleak brokerage forecast. A recent Macquarie report on Jio Finance's anticipated competition led to further weakness.

Also See : Binance Wodl 7 Letter Words Answer

Also See : Binance Wodl 6 Letter Words Answer

Also See : Binance Wodl 5 Letter Words Answer

Also See : Binance Wodl 4 Letter Words Answer