No respite to Paytm as it slips over 9% after recovering a day ago
The stock that closed at Rs 496.75 on Wednesday opened at Rs 524.00 in the morning session on Thursday. The stock touched the day's high of Rs 526.40 and the low of Rs 450.00.
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Paytm share price: Rally in the shares of One97 Communications Ltd, the parent company of the Paytm brand, fizzled out as they fell over 9 per cent in morning deals on BSE on Thursday (February 8, 2024).
The stock of the fintech company was trading lower by 7.28 per cent, or Rs 36.15, at Rs 460.60 at 11:33 am on Thursday.
The stock that closed at Rs 496.75 on Wednesday opened at Rs 524.00 in the morning session on Thursday. The stock touched the day's high of Rs 526.40 and the day's low of Rs 450.00 after that.
The downfall came two days after the stock recovered from a 52-week low of Rs 395.50 on Tuesday to reach a high of Rs 496.75 on Thursday.
After the Reserve Bank of India's (RBI) warning to the fintech firm, Paytm founder Vijay Shekhar Sharma has reportedly met with finance minister Nirmala Sitharaman and RBI officials.
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