As competition soars in its core payments business sector and loan growth slows, shares of fintech company Paytm have slid, though it is still a stellar performer when compared with the New Age stocks. A lot hinges on the growth of its loan business for it to command a higher valuation.
Paytm was recently in news after its Founder and CEO Vijay Shekhar Sharma entered into an agreement with Antfin (Netherlands) Holding BV to purchase 10.30 per cent stake in the new-age company.
Paytm share price today: After falling more than 3% in previous session, Paytm shares tanked 4% on Tuesday to hit an intraday low of Rs 752 on NSE. Despite the two day fall, the stock is still up 43% YTD. Watch this Visual Story to see if should buy the dip in Paytm stock.
Paytm share price: The counter's 14-day relative strength index (RSI) came at 57.40. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a negative price-to-earnings (P/E) ratio of 29.46 against a price-to-book (P/B) value of 4.45.
Paytm share price: The counter's 14-day relative strength index (RSI) came at 73.94. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a negative price-to-earnings (P/E) ratio of 24.83. It has a price-to-book (P/B) value of 3.75.