Paytm hits all-time low; tanks 62% thus far in 2022 on FPI selling

Foreign portfolio investors' (FPIs) holding in Paytm has declined by 4.94 percentage points to 4.42 per cent in March 2022 quarter.

Shares of One97 Communications, the parent of digital payments major Paytm, hit a new low of Rs 517.25, down nearly 3 per cent on the BSE in Thursday’s intra-day trade. The stock was quoting lower for the six trading day, having fallen 14 per cent during this period.

In the past one month, the stock has slipped 26 per cent, as compared to a 9 per cent decline in the S&P BSE Sensex. With the recent correction, the stock has lost 76 per cent from its issue price of Rs 2,150 per share.

It hit a record high