Paytm slips 32% in one month, hits new low; tanks 74% from issue price

Off late, the stock has been under pressure following RBI's ban on Paytm Payments Bank (PPBL) from onboarding new customers.

Shares of One97 Communications, the parent company of digital payments major Paytm, continued to remain under pressure and hit a new low at Rs 550.50, down 3 per cent on the BSE in Tuesday’s intra-day trade on the back of heavy volume.

In the past one month, the stock has tanked 32 per cent owing to persistent negative news flow. In comparison, the S&P BSE Sensex was down marginally by 0.21 per cent during the same period. The stock hit a record high of Rs 1,961.05 on November 18, 2021, in intra-day trade, but failed to touch its issue