SleepyPickle

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.

11mo ago

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PrancingCoconut

Accenture11mo

-20% in a single day is insane

SleepyPickle

Stealth11mo

It's actually locked in lower circuit. That means trading stopped for cooling down a bit (applicable for all stocks) . Tomorrow the blood bath will continue.

PrancingCoconut

Accenture11mo

Yeah I know. Also, exchanges can adjust the lower circuit to be further down during the day if needed

FluffyJellybean

Stealth11mo

3.8Cr at 609 - That's more than 5% of all shares

SleepyPickle

Stealth11mo

Basically it ate up all buy orders and will continue to eat up any future buy orders at that price. Going to be interesting next one week for paytm. Their best bet would be to be bought by a bigger player.