Paytm’s IPO created a record in the primary market by being the largest issue of all times, but its magic didn’t work in the secondary market. Paytm’s stock continued its downward trend after a weak trading debut on bourses. The stock has tumbled by around 37 percent from its issue price, eroding a market value of over Rs 50,000 crore in the first 2 trading sessions. Even the release of healthy business updates for October
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