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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.

Paytm
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Paytm

SI Reporter Mumbai
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

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First Published: Mar 22 2022 | 10:00 AM IST

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