Indian Startups14mo
by SleepyPickleProgram Manager
Paytm stock stuck on lower circuit
As expected paytm stock got stuck on lower circuit (maximum downward move allowed in a day). Insanely large selling volumes with zero buy orders.
SqueakyMuffin
Going to buy Paytm Stock
RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.
RBI is one of the most stringent Central banks in the world. This also ensures a lot of financial stability in the country, sometimes overdoing the regulations.
Once you fix the systems and comply with RBI, business is back to usual. This has been the trend in all the notices that have been sent across to all the different companies. Paytm should be no different.
Paytm has a book value of 205. In case the stock hits a few more lower circuits, in the words of Ashneer Grover, it'll be a "Screaming buy".
Every good opportunity comes with a lot of risk. The primary risk here is that Paytm doesn't get its act straight and RBI at the end of February imposes the actions that are mentioned in the circular. Next line in such a case. Well the money is lost but if they fix the necessary things within time then it's going to be a jackpot.
Catching falling knives is never easy, and it's bound to hurt you, but hey, "Risk He Toh Ishq He".
Next lower circuit is ~487rs The one after it is ~390rs.
I think anything under 500 is great price without the RBI impact. If it hits the circuit tomorrow, I'll start buying on Monday. If it doesn't, well, salary is already credited, so it's time for some risky investment.
14mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
PerkyBanana
Stealth14mo
I also think the RBI should not want Paytm to fail because that shall mean PhonePe and GooglePay gain. They already control 80-85% of the market
SqueakyMuffin
Zomato14mo
Absolute loss of trust is more concerning.
RBI came in too abruptly, without thinking of second, third order effects.
When you do something wrong, you're asked to correct it, no shut shop.
If they shut it down, Fintech ecosystem will never be the same, nobody will start anything.
FloatingPickle
Stealth14mo
Abruptly???? Pardon my french, but are you dumb? This has been going for 2+ years now. Their first warning was 2.5 years ago. They didnt fix it. They were given a slap on the wrist in 2021. Paytm didnt cleanup house still. And now the sledgehammer. After 3 years.
For context, I have worked with RBI folks several times prior to covid. This wasnt surprising at all.
FluffyCupcake
Amazon14mo
Para 1
Bully and “all it wants is that these folks are complaint”
Para 2
RBI is stringent and it ensures financial stability
Para 3
Business is back to usual
- But why will people trust the business for such governance issues
Para 4
Ashneer Grover
- Bas Bas ab aur nahi 🥲
SqueakyMuffin
Zomato14mo
Fact.
Fact.
People are still trusting Yes Bank, HDFC. Razorpay didn't onboard merchants for a year. Their system was f-ed. Do you hesitate while making a payment via Razorpay?
😂
FluffyCupcake
Amazon14mo
Product usage/popularity IS NOT ONLY a sign for valuation 🥲
Sincerely, HDFC Bank stock 🎤
DancingHamster
Stealth14mo
“Risk hai toh Ishq hai” I love how people take dumb investment decisions because of this senseless dialogue which was not even said by Harshad Mehta irl.
OP, more power to you mate. Buy all paytm shares you get.. I want to see your name in the shareholders list in next quarter. All the best!
SqueakyMuffin
Zomato14mo
"I love how people take dumb investment decisions because of this senseless dialogue which was not even said by Harshad Mehta irl."
I love how people completely ignore a whole DD and just cherry pick one line to soothe their ego and feel better about themselves.
Monger fear. Stay subjugated. Good luck to you, hope this currently is the lowest point of your life and you shall only rise above from here.
More power to you mate.
DancingHamster
Stealth14mo
I wonder how badly the current investors of Paytm got brutally hurt in the ceasefire.
Saying that, investing in any company should be done by logic and analysis and not emotion. I was stating that when I cherry picked that harshad mehta line.
But if you’re certain about your logic and analysis of paytm, then just buy directly.. why do you want to post your analysis here before you buy?
Oh or is it because you got hurt in the ceasefire and now want to dump your shares so you’re trying to create a FOMO so that people buy this share?
Please explain why you shared your analysis here.. when you clearly know that a good investor would never publicly announce what they’re going to buy, coz it will only inflate its stocks price before they can buy
GoofyQuokka
Morgan Stanley14mo
RBI isn't the bully here. How hard is it for these Rich People and Companies to comply with the regulations? This isn't the first time either. RBI picked up the whip due to repeated non compliance. Paytm is going to have a hard time getting its banking business up and running.
WigglyPenguin
Stealth14mo
but where are you going?
GroovyBanana
Goldman Sachs14mo
Bro did you buy the paytm stock? It is now under 500.
SqueakyMuffin
Zomato14mo
Will buy some shares by EOD, but mostly on Monday.
SqueakyBiscuit
Swiggy14mo
Going to buy PayTM’s shock ⚡️
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Indian Startups14mo
by SleepyMarshmallowZomato
Paytm gets a shock from RBI
PAYTM Payments Bank essentially asked to shut shop.
Afaik here are the few implications
- Stock market will react in a bad way to them
- Worst affected are going to be FasTag users who bought from PayTM.
- No deposits / credits...
Top comments
That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.
This is eerily reminiscent of Razorpay debacle. Something similar has even happened to AmEx at some point in India. ...
Very bad. This was my everyday bank account for small transactions. Easy to remember account number also