Macro factors have spooked Paytm's market performance: Vijay Shekhar Sharma

Sharma indicated that he would have bought more shares of Paytm if he could as it was trading cheaply

Paytm CEO Vijay Shekhar Sharma said on Wednesday that the company's share market performance has been in line with that of global peers in the sector over the past six months due to macroeconomic factors.

“Macro factors like quantitative easing, free money due to US monetary policy and other parameters led to a spook in the market in terms of pricing the IPO. Paytm’s shares have received a similar response to that of global peers in the last six months…But that is not a complete reasoning. What happened to the IPO is still a question,” he said.

At Rs 1,083.4