Paytm hits lower circuit for third day in a row as Paytm Payment Bank's deadline nears

Paytm Share Price: Fall of One 97 Communication, the parent company of Paytm, continued on BSE on Thursday (March 14, 2024) as it hit the lower circuit for the third day in a row.

The Paytm stock's lacklustre performance continued a day ahead of Paytm Payment Bank's deadline to accept fresh deposits or top-ups.

After hitting lower circuits for two consecutive days, the Paytm stock followed the trend on the third day as well as it slipped by 4.99 per cent to Rs 334.35.

The stock, however, recovered in the afternoon session and closed up by 0.38 per cent, or Rs 1.35, at Rs 353.25 on Thursday.

The Paytm stock closed trading on Wednesday at Rs 351.90 and opened at Rs 334.35, which was a fall of 4.99 per cent, the lower circuit limit.

The deadline for Paytm Payment Bank to accept deposits is March 15.

After the deadline, the account holders will still be able to withdraw money or getting refunds from Paytm Payment Bank.

Other services such as wallet money, cashbacks, FASTag, and automatic deduction of electricity bills, and EMIs will also continue.