Paytm shares recovers for second day post weak listing

  • Shares of Paytm rose for a second day on Wednesday, easing a selloff that wiped out about a third of the digital payments startup’s value in its first two trading sessions.
  • Paytm shares had sunk 27% last Thursday, marking one of the worst debuts by a major technology company globally.
  • The market will watch how Paytm will use its strengths to enter into new businesses or create a moat and if it manages to emerge as a leader in a particular business then we can expect buying interest from lower levels otherwise it may take many years to reach its peak valuations, added Meena.
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