If You Invest ₹10,000 In Paytm Today, Here's What Would Happen If Stock Hits IPO Price

Paytm‘s share price continued its bull run at the bourses on Friday as the stock climbed close to 5% to hit an intraday high of ₹809.90 — close to its 52-week high of ₹844.70.

What Happened: Shares of the company have had a great run at the bourses since the start of the year. The Paytm share price is up over 50% year-to-date. Just yesterday, the stock surged up close to 8% after BofA Securities upgraded the stock’s rating to ‘buy’ with a price target of ₹855.

The stock received a similar boost today after global brokerage firm CLSA maintained its ‘buy’ rating on the stock with a price target of ₹850. So with this impressive surge, if you invest ₹10,000 now, here’s what would happen if the stock goes on to hit its IPO price.

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The Investment: If you invest ₹10,000 in Paytm today, with the stock trading at around ₹800 levels, you would receive around 12 shares of the company. Now, if Paytm continues the upward trend, and goes on to hit its IP0 price of ₹2,150, the value of your 12 shares would surge up to ₹25,800.

The Risk: One should note, that prior to this bull run, Paytm’s share price has been on a continued downtrend since its initial listing. Shares of the company were listed at a 9% discount at ₹1,950 and crashed 27% lower from the issue price on listing day. In November last year, the stock was trading at around ₹450 levels, down close to 80% from its IPO price.

Price Action: Paytm share price was up 3.76% to trade at ₹801 in the early hours of trading on Friday.

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