Paytm Shares fall by 60 percent in 2022 bse nse huge loss to investors new year 2023

It is difficult to predict when the cycle will turn in your favor and when it will turn against you in the stock market. Many people invest in IPOs with the aim of making money.

But there are some stocks, which have been more than 1 year since their IPO and have made losses to investors, let alone profits. Today we are telling you about Paytm. Investors have to suffer huge losses in 2022.

Paytm launched its IPO in November 2021 at a very high valuation. Meanwhile, investors were told by Paytm that the company's stock would rise above the IPO price in the coming period. However, this did not happen and Paytm's stock continued to fall

At the same time, the share price of Paytm has fallen drastically in 2022. Paytm's stock has fallen more than 60 percent in the year 2022. Paytm's 52-week high on NSE last year was Rs 1350 while Paytm's 52-week low.

As on 31 December 2021, the share price of Paytm was Rs 1334.55. Shares of Paytm closed down 66 percent so far at Rs 530.70 on the last day of business for the year 2022.

The IPO issue price of Paytm stock in November 2021 was Rs 2150 but it was listed at Rs 1950. On 18 November 2021, the stock started with a steep fall on the listing day and the stock closed at Rs 1564 on the listing day.