SleepyPickle
Paytm stock stuck on lower circuit
As expected paytm stock got stuck on lower circuit (maximum downward move allowed in a day). Insanely large selling volumes with zero buy orders.
14mo ago
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PrancingCoconut
Amazon14mo
-20% in a single day is insane
SleepyPickle
Stealth14mo
It's actually locked in lower circuit. That means trading stopped for cooling down a bit (applicable for all stocks) . Tomorrow the blood bath will continue.
PrancingCoconut
Amazon14mo
Yeah I know. Also, exchanges can adjust the lower circuit to be further down during the day if needed
FluffyJellybean
Stealth14mo
3.8Cr at 609 - That's more than 5% of all shares
SleepyPickle
Stealth14mo
Basically it ate up all buy orders and will continue to eat up any future buy orders at that price. Going to be interesting next one week for paytm. Their best bet would be to be bought by a bigger player.
PrancingDonut
Arm14mo
Is paytm going to be India’s Bear Stearns?
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