Paytm Share Price: After a fall of nearly 40 percent against its upper price band 2150, Paytm shares showed some sharp jump in this morning’s deals. Paytm share price opened with today’s upper margin 0.40 per share and made an intraday high of 1,454.30, registering an increase of about 7 per cent from its Monday’s closing price on the NSE. However, stock market experts say that the fintech stock could go down further from 1,000 1,100 per share level and this would be the ideal level for new buyers.
Speaking on Paytm Share Price Target; Ravi Singhal, Vice Chairman, GCL Securities said, “Paytm stock is still looking weak and may go down. from 1,000 1,100 per share level. Those who have Paytm shares in their portfolio are advised to take this bounce as exit opportunity and almost enter from 1000 1100 per share level target for 12-15 months maintain stop loss at 2150 800 per stock level.”
Resonating with the thoughts of Ravi Singhal; Sumeet Bagadiya, Executive Director, Choice Broking said, “Paytm shares have immediate support from 1200 1300 levels. Those who have Paytm shares in their portfolio should counter keeping in mind the longer term horizon. Facing immediate hurdle on stock 1500. After giving breakout above Based on the 1500 close, we can expect some upward movement in the fintech counter.”
On new buyers looking to buy Paytm shares, Ravi Singhal of GCL Securities said, “One should buy Paytm shares only when it is available in the range. from 1000 1100 range, otherwise one should consider another option instead of adding Paytm shares to their stock portfolio.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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