Paytm Stock Plunges 20% on Second Day, Brokerages Cut Targets | Stock Market News

Paytm's shares were locked in a 20 percent lower circuit for the second consecutive day on February 2 due to RBI restrictions on its lending business, prohibiting new deposits and credit transactions after February 29. Brokerages downgraded Paytm and lowered target prices, citing concerns about the impact on its lending business.