desk
Share
News Topical, Digital Desk : Paytm shares saw a sudden, significant drop on Friday's stock market. Within minutes, the stock fell nearly 5% to ₹1,168. Trading volumes also surged, with 1.14 lakh shares changing hands in just one session, equivalent to the average volume of the past two weeks. This volume spike and vertical fall surprised investors and sparked market turmoil.
On September 19th, Paytm shares witnessed a sudden, significant decline. The stock slid 5.1% to an intraday low of ₹1,168 on the BSE. This decline was so sharp that investors were shocked, and Paytm stock started trending on social media. The decline was accompanied by a surge in trading volumes. 1.14 lakh shares have changed hands so far. This figure is equal to the stock's average volume over the past two weeks. This means the decline was not just in price, but also in trading activity.
According to market experts, such a sudden decline could be due to several reasons: - Profit booking by short-term investors. - Selling by a large institutional investor. - Speculation about an unannounced development related to the company.
However, no official statement has yet been issued by the company. High-beta stocks like Paytm often experience sharp movements. Friday's decline has left investors confused. Retail investors, in particular, are trying to understand whether this is simply short-term profit-taking or whether there's a deeper reason behind it. Overall, the sudden drop in Paytm shares has caught the market's attention. The decline in heavy volumes suggests that a large investor may have cut positions. Investors are now looking for any clarification from the company and the stock's next support level.
--Advertisement--
