Highlights

  • Paytm trading ~ Rs 600/share vs issue price of Rs 2150
  • Morgan Stanley also recently downgraded the stock

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Paytm stock price target cut, Macquarie says 80% hit for investors

Paytm stock has already eroded Rs 1 lakh crore worth of wealth for investors

Paytm stock price target cut, Macquarie says 80% hit for investors

If you are an IPO investor in Paytm and still holding on well there is more pain headed your way as per brokerage Macquarie the stock could crumble all the way Rs 450/share making it an 80% drop from it's issue price.

Macquarie that has been bearish India's largest IPO to date by maintaining an underperform has slashed the price to Rs 450 from Rs 700.

Paytm has seen a host of downgrades by brokerages after RBI banned onboarding of new custombers by Payments Bank arm. The stock is currently trading at an all-time low.

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