I sold Paytm at a loss of....?

-
Before Paytm's IPO there was a lot of hype that it is the most awaited IPO plus it is the biggest IPO ever.

But the financials were not good and it is a loss-making company so with this many investors didn't show much interest.

But some investors like me were optimistic that it will do good but due to the poor response and financials the subscription percentage was less and those who applied most of them got the allotment and it opened at a discount price.

Investors had a chance to exit and book a minimal loss or hold it till it starts performing.

I took the 2nd option and kept holding it but still, it was not performing well and day by day it was falling badly.

Today morning my senses gave me a signal that I should sell this stock and book the loss.

I remember I had the Yes bank shares and there was the same situation, the stock was falling badly so at that time also my senses gave me a signal so I sold the stock at a minimal loss and my colleagues were still holding that stock and was bearing the losses.

Today I sold Paytm at Rs 1165 and booked a loss of Rs 5910.
The remaining principal amount I will invest in an Index fund.

Lastly, I understood the meaning of "Naam bade aur Darshan chote".

See y'all in the next blog, Cheers!

Comments

Post a Comment

Popular posts from this blog

How to find posts you've liked on Instagram?

-
Image
Instagram is a nice platform to explore the world. You can follow any page/account or simply search in the search bar with the relevant hashtags and you will get your desired stuff. In case we find any image/post interesting then we simply like it or double tap on the post . In this way, we keep doing the same thing again and again. But what If after a few days you wanted to see that post/image again to repost or to share it with your friends. On Instagram, every single second many posts have been posted by the people hence it would be difficult to find that post again but what If I tell you that you can easily find all the posts  you've liked ;) Let's get into our topic: First, you need to open your Instagram app then you need to click on the bottom right profile option illustrated in the below image. After this you will see your profile then you need to click on the horizontal lines on the top right illustrated in the below image. ...
Read more

I sold HAPPIEST MINDS shares, Profit?

-
Image
"Stock market is all about picking the right stock at the right time and a right price" 9th Feb 2021 I had purchased 14 qty of HAPPIEST MINDS at Rs 351 . 27th Sept 2021 I had sold all the 14 qty at Rs 1425 . Within 7 months I made a decent profit . I remember I had applied for its IPO as well but unfortunately, I didn't receive the allotment :) The purpose of this blog is to show the potential of the stock market hence start investing as early as possible. Also, make sure to do your research before buying any stock . See y'all in the next blog, Cheers!
Read more