Paytm bounces back, gains 7% after a 37% fall in two trading sessions

The board of Paytm is scheduled to meet on Saturday, November 27, 2021 to consider financial results of the company for the quarter and half year ended on September 30, 2021.

Shares of One97 Communications, the parent company of digital payments major Paytm, were trading firm up 7 per cent at Rs 1,453 on the BSE in Tuesday’s intra-day trade after a sharp 37 per cent fall in past two trading days post debut. The stock of the India's leading digital ecosystem for consumers and merchants had made market debut on Thursday, November 18, 2021.

On Monday, the stock hit an intra-day low of Rs 1,271, and had fallen 41 per cent against its issue price of Rs 2,150 as investors remain cautious on the company's lofty valuation and remain