Paytm hits new all-time low, stock tanks 26% in two weeks

Shares of Paytm hit a new low at Rs 483.30 on the BSE in Tuesday's intra-day trade, thus were now trading 77 per cent below the company's IPO price of Rs 2,150 per share.

Shares of One97 Communications, which operates India's largest payments platform Paytm, hit a new low of Rs 483.30 as they slipped 10 per cent on the BSE in Tuesday’s intra-day in an otherwise firm market. The stock fell below its previous low of Rs 511, touched on May 12, 2022.

At 10:10 am, the stock traded 8 per cent lower at Rs 492.15, as compared to 0.24 per cent rise in the S&P BSE Sensex. In the past two weeks, the stock of the fintech company has tanked 26 per cent. In the last one year, the stock price