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Paytm

Paytm shares plunge on weak stock market debut

| @indiablooms | Nov 18, 2021, at 06:30 pm

Mumbai/IBNS: Digital payment app Paytm made a weak debut in the stock market with its shares nosediving by 26 percent on Thursday, media reports said.

Paytm's stock opened for trading at Rs. 1,950 on the NSE, in a decline of 9.3% from its issue price of Rs. 2,150.

Despite the dip, the firm clocked the valuation of Rs. 1 lakh crore.

This occurred a week after e-commerce company Nykaa's shares surged by 89 percent on its debut in the stock market.

The surge has propelled Nykaa founder Falguni Nayar to become the country's richest self-made female billionaire in India.

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