Paytm Shares Rise Nearly 5% After Witnessing Fall For Two Consecutive Sessions

New Delhi: After witnessing fall for two consecutive sessions, the shares of One97 communications which operates Paytm rose around 5 percent on Tuesday.

Paytm share price today is Rs 14,25.15 as at 10 am, the shares of the company were trading on Bombay Stock Exchange (BSE) at Rs 14,25.15 up by 4.77 percent. Simultaneously, on the other hand, on National Stock Exchange (NSE), the company's shares were trading 4.90 percent.

Notably, on Monday, the shares of company suffered loss as the stock fell as much as 10 percent.

At 11.30 am on Monday, Paytm share price was trading at Rs 1376.75, down 11.98 per cent but during the day it fell to Rs 1350.35 on Bombay Stock Exchange (BSE).

Last week, it had knocked in the stock market and on the first day it closed with a decline of 27 percent from its issue price. The company's stock has fallen more than 44 percent in two days which caused a loss of Rs 867 per share to the investors.

In October, the company's gross merchandise value, i.e. payments made to shoppers from its platform, grew by 131 per cent over the previous year and reached $11.2 billion.

Based on the performance of last two sessions, the markets experts have opined that the Paytm shares price may fall further in the coming days. Beside this, the experts were of the view that the situation is not clear about when the company will turn profitable.

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