Paytm Stock Faces 20 Percent Lower Circuit

Paytm Stock Faces 20 Percent Lower Circuit

VoM News Desk | February 2, 2024 | 10:07 AM IST | Breaking News | Follow on Google News

Paytm Stock Faces 20 Percent Lower Circuit

Paytm Stock Faces 20 Percent Lower Circuit

Shares of Paytm’s parent company, One97 Communications, have hit the 20% lower circuit for the second consecutive day, facing a sharp decline from ₹760 to approximately ₹490. This downturn comes in the wake of stringent restrictions imposed by the RBI on Paytm Payments Bank.

RBI’s Harsh Measures Impact Paytm
The Reserve Bank of India’s (RBI) restrictive actions on Paytm Payments Bank have led to a significant market response, with investors witnessing a rapid decline in the stock’s value.

Two-Day Plummet Raises Concerns
The consecutive 20% lower circuits over two days highlight the growing concerns and uncertainties surrounding Paytm and its associated entities in the financial sector. Investors closely monitor developments as the stock experiences a notable downturn.

VoM News Desk

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