If Paytm shares was overpriced at its IPO price of Rs 2,150 per share, has the 27% crash on the listing day corrected the overvaluation to some extent? Or does it need to fall further to a level where value investors would be more comfortable buying and recommending the stock? But when any stock goes down in price, especially the one as big as Paytm, it does arouse the interest of a true-blue value investor. How much further? Well, no one has any idea to be honest. And to make matters worse, the share price could slide even more from here. The stock has already eroded Rs 350 bn worth of shareholder wealth on the first day itself. We are going to reveal details of these 3 landmines at our upcoming special event at 5 pm on December 27. You should get rid of these stocks as soon as possible. If the market crashes, then these stocks could wipe out your wealth. in your portfolio today.īecause many stock brokers have painted rosy pictures of these stocks. It is very likely that you could be owning these 3 overvalued.įundamentally weak. These 3 stocks are ticking time bombs in your portfolio. Advertisement - Sell These 3 Stocks Immediately It doesn't augur well at all for investor confidence. You don't expect one of the poster boys of the new age Indian Unicorns to have a poor outing right on the listing day. Now, getting back to the listing, it certainly was a disappointment and a big one at that. Keeping the IPO debacle and the entire brouhaha around it aside, it's indeed commendable that a guy born in Aligarh, UP, has worked day and night to build a Rs 1 lakh crore company.Īs a value investor, I may have issues with the profitability of the company and its obscene valuations.īut Vijay Shekhar and his team have certainly built something that is adding a lot of value to the society and something that all of us should be proud of. He was in fact shedding tears of joy on his dream eventually coming true.Īnd why not. Those weren't the tears of disappointment or sadness by any stretch of imagination. I guess he has misread the situation completely. The guy couldn't hold back his tears after the poor listing of Paytm', my father-in-law told me over piping hot tea the other day. Discover a little-known way to play the massive 15x EV opportunity. Editor's Note: Dear reader, join our top editors, Tanushree Banerjee and Richa Agarwal, online this evening at 5 pm for the EV Gold Rush.
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