Paytm Share Price Today: Latest Updates, Trends & Analysis - January 8, 2025
Stay updated on Paytm's share price movement. Today's closing price is ₹902.05, marking an 8.2% drop. Discover key support & resistance levels, trading volume insights, and market analysis for informed investment decisions.
Paytm Share Price Today: Latest Updates, Trends & Analysis - January 8, 2025
Paytm stock witnessed a significant drop today, closing at ₹902.05, which marks an 8.2% decline from yesterday's closing price of ₹982.6. This notable price movement has drawn investor attention, making it crucial to monitor the stock's performance in the coming sessions.
Key Highlights
Opening & Closing Prices: On the previous trading day, Paytm opened at ₹966.75 and closed at ₹968.95. Today, the stock opened at ₹966.75 and reached a low of ₹895.25.
Day's Price Range: The stock fluctuated between ₹895.25 and ₹987, indicating heightened volatility.
Market Cap & Trading Volume: The company's market capitalization stands at ₹61,765.56 crore. A total of 5,73,321 shares were traded on the BSE.
52-Week Performance: Paytm has seen a 52-week high of ₹1,063 and a low of ₹310.
Trading Volume Insights
At 3 PM, the trading volume increased by 3.63% compared to yesterday.
By 2 PM, the volume was 14.9% lower than the previous day.
By 1 PM, trading volume had dropped by 19.91%.
Volume trends, combined with price fluctuations, indicate selling pressure. Investors should be cautious, as a high volume with declining prices often signals potential downward momentum.
Technical Indicators
Support & Resistance Levels:
Key resistances: ₹962.98, ₹1021.17, ₹1055.08
Key supports: ₹870.88, ₹836.97, ₹778.78
Moving Averages:
5-Day SMA: ₹997.94
10-Day SMA: ₹989.83
20-Day SMA: ₹986.67
Hourly Trends: During the last hour, Paytm’s price ranged between ₹906.53 and ₹923.88. Traders might explore range-bound strategies with these levels in mind.
Market Trends and Analysis
Short-Term Trend: Bearish
Long-Term Trend: Bullish
Analyst recommendations show a "Hold" rating, with a median price target of ₹712, 22.52% below the current market price. The highest and lowest target prices stand at ₹1,320 and ₹325, respectively.
Conclusion
Paytm's sharp decline today reflects market volatility and investor reactions to recent developments. With key support levels being tested and trading volumes fluctuating, short-term bearishness dominates. Investors are advised to stay updated with technical levels and market dynamics to make informed decisions.