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Paytm shares fall further by 5%; Investors lost Rs 27,000 crore in 11 days due to fall in stocks.

paytm share price today: Fintech company shares One 97 Communications It fell 5% to a new all-time low of Rs 325.30 on the Bombay Stock Exchange on Thursday. This decline comes from officials of the Enforcement Directorate (Ed) questioned Paytm Payments Bank Officials in connection with alleged violations of the Foreign Exchange Management Act (FEMA) by entities using the bank.
According to an ET report, in the last 11 days, Paytm has lost around Rs 27,000 crore or 57% of its value since the Reserve Bank of India (RBI) banned the payments bank, which also houses Paytm Wallet. .
In a recent filing, One 97 Communications acknowledged that it has been receiving notices and requests for information, documents and clarifications from the ED in respect of customers who may have done business with these entities. The company clarified that its associate, Paytm Payments Bank Ltd, is not engaged in outward foreign remittances.
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According to reports, ED officials have provided the information and documents sought by the agency. ED has directed him to provide more information by next week. A senior government official, on condition of anonymity, said that the information collected and documents shared by Paytm Payments Bank, at this stage, do not indicate any FEMA violation.

What is your recommendation on Paytm stock?

Experts are advising retail investors to stay away from Paytm shares Unless regulatory hurdles are cleared. There have also been reports that RBI is considering canceling the license of Paytm Payments Bank. Global brokerage firm Macquarie estimates the stock could fall to Rs 275, making it the most bearish outlook on Paytm.
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Macquarie analyst Suresh Ganapathy pointed out that he has significantly lowered revenue estimates, as both payments and delivery business revenues are expected to decline by 60-65% by FY25/26E. The process of transferring payments bank customers and associated merchant accounts to other banks will require Know Your Customer (KYC) verification to be done again, which may be a challenging task within the RBI’s February 29 deadline.
Investors who tried to invest in Paytm during this downturn have suffered huge losses. Sudip Bandopadhyay of Inditrade Capital emphasized that the uncertainty over the payments bank business due to RBI actions has reduced customer and partner confidence. Customers and partners are being urged to switch to alternative options.



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