Paytm’s shares experienced a significant decline, dropping by 4.10% to ₹830.55 per share, marking their lowest point since May 9. This slump comes in the wake of substantial trading activity on Tuesday, where the floor price for transactions was established at ₹809.75, reflecting a 6.5% discount compared to the previous day’s closing price. As a result, the Paytm block deal is projected to reach a staggering ₹2,065 crore based on this minimum price.
Key Players in the Block Deal
Prominent multinational investment banks, Citigroup and Goldman Sachs, are facilitating this significant block deal. As of March 2025, Antfin owned 9.85% of Paytm’s equity, according to the latest shareholding reports on the BSE. Notably, in August 2023, the Chinese technology giant sold off nearly 3.6% of its stake for ₹2,037 crore, further impacting the stock’s movement.
Current Stock Performance
As of 9:37 a.m., Paytm shares had slightly rebounded, trading down 2% at ₹849. In comparison, the NSE Nifty 50 index only saw a modest decline of 0.49%. Over the past year, Paytm’s stock has soared by 145.24%, although it has seen a 16.73% drop year-to-date. The trading volume today has surged to 72 times the average of the past 30 days, with the relative strength index standing at 48.16.
Market Outlook
The fluctuations in Paytm’s stock are indicative of broader market trends, as financial giants like HDFC Bank and Infosys continue to influence the market landscape. Investors are closely watching the developments surrounding Paytm, especially in light of recent transactions and market analyses.
For those interested in the financial markets, keeping an eye on Paytm’s stock movements will be crucial in understanding potential investment opportunities.
