Why is PayTM hitting the 5% upper circuit for the last three days?
Has there been any good news about the company or is it just the operator playing their game with gullible retail investors?
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I bought the next day the ban was imposed by rbi. Bullish on Vijay because of his persistence and smartness
I am too, use only Paytm for payments, tickets, etc. But, their super app ambition was based on trust moat, which they lost here. So not sure about the future
I'm pretty sure they learned the lesson the rbi wanted to teach them. I am very bullish
Tie up with Axis Bank is one of the factors
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Initial correction was much higher due to uncertainty, but now that they have tied up with Axis bank for QR scan machines and have time till March 15th. So, going up that the current market cap is 24k crores, really less for their business, and they have cash equivalent of 8 to 9k crores. The only thing to understand is how the fasttag and wallet business affect their margin and lending business. But they seriously have to cut down their costs, and management need to improve.
Sentiment
No operator can manage stocks with such huge volumes, get out of 'operator is trapping mindset'
Some folks trying to pump and dump
Paytm Bank has tied up with axis bank, and wallet ain't going to stop , allowed by rbi. although it's not a good buy
lamp that's about to burn out burns brighter. its high time they close this nonsense.
no longer understand why they do what they do
Those who bought at 400/500 levels they need an exit right so driving the Upper circuit to trap retail