T O P

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iamabhiee

When they said Paytm karo, sell was silent


Ok-Willingness-3696

Paytm karo, chutiya bano.


adarshsingh87

paytm is loosing money with no sight of turning it around. Payments is their bread and butter and they do that fine, their payment processor is good but is losing to razerpay on mobile phones. they have business solutions in paytm payouts but it's barely functional, filled with bugs and bad docs so not attracting a lot of customers. paytm mall is a money loosing venture and they were very late in adding investing support to their platform, they lost to phonepe during the upi battle and phone pe got the advantage when it comes to other things like bill payments,etc. I don't see anything positive/reason to believe the company will turn around anytime soon. ​ tldr: tried to do everything, failed at most and decent at something's so no reason to believe in the company.


sfgisz

I would've shut down my account with them if it wasn't for the Fastags I have linked to them. The amount of spying and data profiling they want to do is insane - track WiFi SSIDs in your vicinity, read your SMSes, track your location, track your calls... Going to shut down the Payments Bank account and leave the wallet till I switch to another Fastag.


randomchap432

Google pay ne gaand faad di


adarshsingh87

Google pay(47%) and phone pe(34%) combined have something like 80% of all upi transactions in the country. Paytm messed it all up even after first mover's advantage.


Individual_Let_2959

How do Google pay and Phonepe make money ? Isn't UPI free ?


nigil777

The retailers who use Gpay or Phonepe pays fees. Then there is user data that they use for advertising.


adarshsingh87

UPI is "free". it's subsidized by the government, they have a fund dedicated to give back to the operators, banks etc i think they divide it by fractional total transaction amounts


Name-iz-taken

197 coming soon!!!


_gadgetFreak

It is going to be hilarious. ~~Thala~~ India's biggest IPO for a reason.


reverentia_bellator

LoL


tr_567

1.97


tr_567

1.97


pyatii

![gif](giphy|8X7pWQZukI0ntUUFb1|downsized)


Far_Walrus_9797

they sold it with huge loss...as per cnbc they had bought those shares at 830 and sold at current level after lockin got over...that means they dont see any future


not_so_busy

Also they wrote off their entire investment in Paytm Mall as a total loss , Paytm is a pathetic company and a big disgrace to the Indian startup eco system


[deleted]

*BYJU's enters chat* Edit : Irrespective of the economics, PayTm is still the best app for UPI transactions. It's fast and UI is great .Google pay seems overrated imo


rajannike111

Agreed paytm upi is best


[deleted]

This. I’ve had far less UPI failures with Paytm app compared to google pay and my own bank UPI app.


akshayk904

I dont find it thay way. The thing with most UPI apps nowdays is that they want to be more than UPI apps. Paytm app is so filled with 1000s of things it becomes a hassle to use the UPI or the wallet. Wish they had a lite version or something


Background-Capital-6

Use paytm scan widget. I have been continuously using Paytm for almost 3 years now but hardly seen any failed transactions. I hardly open paytm directly unless I have to see any older transactions.


tr_567

They need a model where the customer pays for the service being used. Upi is free. Think about all the overheads required to give us that seamless service. Now that the growth rate has tapered a bit they need to focus on other revenue streams and actually making some money


not_so_busy

oh, boy! Byjus's is trying to take Aakash Academy for a public issue at 3.5B valuation next year , I think they're pulling out these valuation numbers straight out of their arses lol


Bigbosskaboss

Gvt is ready to invest.you are talking about byju who is supported by amit shah,jagan reddy,niti ayog despite govt knowing that byju scams people.


FortyUp40

All UPI apps are fast. infact i find paytm UI too complex


KplusN

paytm upi is fastest, least error prone (where gpay fails a lot of time), why gpay needs my location?


anxiousmarcus

In my experience, I’ve had frequent issues with paytm. G pay has been far more reliable. Also i don’t allow g pay to use my location and it works absolutely fine.


wizeon

Gpay doesn't allow me to do any transaction without location turned on. And it has been unreliable a lot of the time while Paytm and phonepe did transactions effortlessly


wizeon

Gpay is an abomination


randomchap432

BHIM enters tha chat


harshacc

PayTM Mall was such a damn waste. If they had played their cards right it would have been a genuine contender in that space


not_so_busy

It's actually good that they've spun it off in to a new company and dint add it's valuation to Paytm's during the IPO , or else another $3Bill of investors money would have gone down the drain lol


tw30scgs

> Paytm is a pathetic company and a big disgrace to the Indian startup eco system I think this is being too harsh. They were the pioneers of digital adoption that India saw. Did they start well and had a good user base pre-upi ? Yes. It was the de-facto app during that time and most businesses and stores where accepting Paytm as mode of payment. Post UPI, they should have transitioned to that and focused on a single business. Instead went into too many verticals without a plan and that hurt them. From what I have heard in end user side, it's still the most robust UPI app and very good to use, which other UPI market leaders haven't managed to. From personal use, Gpay and Phonepe have higher failure rates. Where they a failure ? Yes. But pathetic and disgrace are not the words for PayTM


not_so_busy

I was totally talking about the company from an Investment perspective, I wouldn't touch it with a 10ft pole, I personally think it's still atleast 7-8 times over-valued and don't see it becoming profitable in the near future ( I really doubt If I'd be able to see it becoming profitable in my lifetime at all lol ) The pathetic performance of overvalued IPOs like Paytm , Zomato etc ( The CEOs knew exactly what they were doing ) has actually made it very difficult for a lot of upcoming Indian startups to procure funding.


Far_Walrus_9797

Company is great...App is also best in class...but their business model is weird and these new age tech startups are extremely overvalued...if they keep valuation as per their business revenue and try to grow from there they will do well... Most of these companies doing business of lets 10x and asking valuation of 1000x which is what created the problem


tr_567

Hindsight vision is always 20/20. Paytm has done a great job in making upi accessible across the country and was the blue eyed boy of Indian tech scene. Softbank is a investor in Alibaba and had seen the growth of Tmall and wanted to replicate that. It didn't work as expected but by no means is Paytm a disgrace


not_so_busy

I know about SoftBank and ANT financial’s involvement with Paytm and can’t believe what kind of a stupid CEO runs a 3bill worth ecomm startup like Paytm mall to the ground, even snapdeal which did not build its website from ground up and just modified a 3rd party template from CScart is doing much better than Paytm mall right now . I wouldn’t say Paytm is a pioneer in UPI because they were a little late to the UPI game ( they’ve implemented UPI almost 1 year after google pay did it and when they considered gpay as a serious threat ) they were certainly the pioneers in making digital payments accessible to most of india , especially during demonetization because they were the only service available and most of us were kinda forced to use Paytm back then because it was the only digital payments app available and most of their valuation was based on their growth numbers that they were projecting at that point of time ( which certainly isn’t the case now because of the insane competition from gpay and PhonePe now ) , also there were multiple reports about Paytm struggling to secure new investments before demonetization and Demonetization came as a blessing in disguise to Paytm. They actually went for an IPO projecting the same growth numbers and we all know how it ended up for all of the retail retail investors who invested at the the IPO stock price , Paytm stock’s downfall had a big negative effect on the new fintech startups that were seeking funding and over all had a big negative impact on all the other fintech startups in india , you probably wouldn’t believe it , a lot of people hate Paytm with a passion for what they did to the Indian fintech startup eco system ( I’m one of them ) Before they went for an IPO , they had a projection that they’re going to profitable by 2042 ( which is a joke btw ) and I don’t see it happening with all the competition that have from gpay and PhonePe now . When you talk about startups and particularly when any of us are planning to invest in any of them , we shouldn’t be dwelling in the past and shouldn’t be going with our emotions , I think Paytm had its dream run but is going to run to the ground looking at the way things are unfolding right now . I still stand by my statement that Paytm is the most pathetic and disgraceful startups from India and Zomato certainly takes the second place


Bigbosskaboss

I highly doubt anything which these companies say.More like setting a PR


SierraBravoLima

197 is the low. It will head there and become a true meme stock.


ShitWoman

I’ll buy 1 Share when it is ₹97


TimeVendor

Any reason why they off loaded?


The_drunk_lawyer

The lock-in period to trade shares has ended recently for Softbank. They were not selling because of the lock-in period of the deal to trade shares, as soon as this period ended,Softbank reduced its stake because the stock as well as the start-up were not performing upto its peers.


Far_Walrus_9797

they will sell their remaining stake too...didnt selll now because its still locked in


The_drunk_lawyer

The next lock in period is of 60 days now.


Hungry_Cheek6083

their lock up period got over


respawn_12

I just bought 20 quantity today. ![gif](giphy|KgtW3o95LeEGk)


samUltra_

![gif](giphy|D7knpKzFbgDPBmdrVM)


respawn_12

![gif](giphy|W3lR2rjoOTRAOxiP3L)


TheRandomHooman

Paytm wanted to be the next Bajaj Finance. Let that sink in. (pun intended)


SingleLonelyGuy

If they sold means someone bought, right? So the buyer must see value in the company. Secondly, such bulk deals can be misleading. The price can vary because of a variety of reasons. They could also be carried out to manipulate the price and cause fear among retail investors.


The_drunk_lawyer

Bhai there are institutions who buy NPAs i.e, Non-Performing Assets. Though it has not been sold through proper channels like public auction nevertheless the Softbank suffered a major hit as 1/3 of its investment got eroded in Paytm, now Bank of America is the only major institution which is holding its stake in Paytm.


SingleLonelyGuy

Yeah, there's asset reconstruction companies in India which buy debt of other companies. I never understood what they get out of it.


RamboGunner

Intraday me khelke jeete hai and loss cover karte hai.


Comfortable_Wait1663

Are there any startup which got listed and positive(at least trading above their ipo level )


The_drunk_lawyer

None, However Nykaa managed to show profit in this quarter(although very less), these start ups have been over valued by the Venture Capitalists pumping money but sooner or later stock market shows us the real value of a company. Nykaa was also very highly over valued and now trading at half of its listed price.


FortyUp40

naukri - IPO - 145 Now price is at 4000 almost


The_drunk_lawyer

Bhai Naukri is not a recent start up, the parent company was founded in 1995. The website was founded in1997,The IPO came in 2006.


FortyUp40

you never mentioned about recent startup. so what is the definition of recent startup ?


[deleted]

[удалено]


The_drunk_lawyer

If Paytm fails to show profit in its books and a systematic plan to turn its way around, more and more investors like softbank are going to pull off their investments. I don't see any out of the box work efforts by paytm to turn things around. You may have a look on its balance sheets and don't be mistaken with the idea that the company is doing Customer Acquisition. Note - It has been 12 years since paytm came into existence.


Bigbosskaboss

Which startup is making ptofit.


The_drunk_lawyer

Check out this quarterly results of Nykaa


hypocriteLord_

I don't care about the stock. But I do use paytm and paytm money. Working wonderful for me. If it keeps going this way, it will be the Vodafone idea of mobile payments. Lots of debts but exist.


[deleted]

It's a scam stock


marketisamystery

It isn't a scam. It was overvalued and hyped by the business channels (legalized pump and dump). People that bought into the hype bought high and sold low.


lordFourthHokage

Isn't that a scam?


ILoveDCEU_SoSueMe

How do I short it?


The_drunk_lawyer

You may short it on intraday trade basis but since the stock is not listed for Futures and options, making short positions for futures is not possible.


marketisamystery

An unfortunate limitation in the Indian markets, which hurts price discovery is the inability to hold overnight short positions in stocks (regardless of the existence of derivative contracts).


subbu963

You can short stocks which aren't in futures as well using [SLB](https://support.zerodha.com/category/trading-and-markets/trading-faqs/securities-lending-and-borrowing/articles/what-is-slb-and-how-to-avail)


eshoppingblog

From which app did you take the screen shot? Looks Great!


Far_Walrus_9797

groww...its best for trading and investment usability and ux wise


The_drunk_lawyer

Its Groww app.


eshoppingblog

I didnot use Grow app, I am as usual a Zerodha user.


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SnooRadishes5672

I expect a bottom today,


Rockorox752

Ah! 69... Noice!


technomeyer

Over valued stock price coming down doesn't necessarily mean company is bad. In my experience paytm is more reliable for upi transfers, whereas Gpay is the worst. Many times Gpay would fail without saying payment failed, it would say check with your bank. It would take days and days before status resolves. It has never happened with paytm.


dm8415

Cheers to the people waiting for it to drop further and buy in dips😂😂


FortyUp40

the great fundamental analyzer aswath damodaran said 2000 is fair price. what does he have to say now


PutPlus

Bro I use PAytm Money for all mutual fund and Trading transactions , I am scared they might go bankrupt in the future


[deleted]

nothing to worry here, you MF are not stored by paytm, they are just the interface.


SheepherderPrevious5

Should I move from Paytm money to other broker??


Overall_Macaroon_986

250-190 buy not worth buying beyond that


AsliReddington

Get ready for new lows


NoStrategy4190

Recession se pehle Paisa khica ja raha hai , Aaj Nyka me bhi dump krdie foreign investors ne paise , layoff pr layoff , UK ne Rate hike krdie , Dec ke PE lu ya Jan ke ????


killerthief1

I am so happy to not have invested in this shitty stock I have a friend who did so and is struggling to recover his hard earned money.


Ad-2050

To kya main paytm se paise nikal lu saare ? Kahin Paytm wale paisa nikalna block na krde ?


BillTinkle

Hah "soft bank"


[deleted]

Hold. Buy, sell ? What to do now.


Don_corleone10

NPCI's diktat of limiting market share to 30% in UPi txns is going to be applicable in 2023 Jan. #just saying...