Paytm share price today: The stock rose 4.01% to Rs 513 on the BSE, up from the previous close of Rs 493.20. The market capitalization of Paytm has risen to Rs 31,982 crore.
The stock’s performance:
Paytm shares increased 4.01% to Rs 513 on the BSE, from Rs 493.20 at the previous closing. The firm’s market valuation has risen to Rs 31,982 crore. 1.50 lakh shares were traded on the BSE, totaling Rs 7.55 crore in transactions. On October 20, 2023, the stock reached a 52-week high of Rs 998.30 and then plummeted to Rs 310 on May 9, 2024. It has dropped 34.09% in the last year and is expected to fall another 22.14% by 2024. The stock has a beta of 0.4, indicating that it experiences moderate annual volatility.
Paytm shares, listed as One 97 Communications Ltd, rose 4% in early trading Tuesday after the Vijay Shekhar Sharma-led company announced the debut of the country’s first NFC Card Soundbox, a two-in-one mobile QR payment gadget. Millions of offline merchants will benefit from the device’s low-cost card payment capabilities.
On the BSE, Paytm shares rose 4.01% to Rs 513, up from the previous close of Rs 493.20. Paytm’s market capitalization has increased to Rs 31,982 crore on the BSE. The firm’s 1.50 lakh shares were exchanged for a total of Rs 7.55 crore in turnover. On May 9, 2024, the stock dipped to Rs 310, and on October 20, 2023, it reached a 52-week high of Rs 998.30.
The stock has dropped 34.09% in a year and is expected to lose 22.14 percent by 2024.
The stock has a beta of 0.4, indicating modest annual volatility.
Technical Indicators:
The relative strength index (RSI) for Paytm’s stock is currently 65, indicating that it is neither oversold nor overbought. The stock is currently trading below the 5-day, 10-day, 20-day, 50-day, and 100-day moving averages, but above the 200-day moving average.
This next-generation payment device integrates NFC technology with mobile QR payments, making card purchases cheaper for millions of offline merchants. Paytm’s new NFC Card Soundbox is the next step in mobile payments using NFC card technology.
The launch of a new device:
Paytm’s shares rose 4% in early trade on Tuesday, following the introduction of the country’s first NFC Card Soundbox. This two-in-one mobile QR payment gadget intends to deliver low-cost card payment options to millions of offline merchants by combining NFC technology with mobile QR payments.
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