Paytm touches lower circuit for 2nd day in a row amid reports of NPCI approval for third party provider licence; BSE cautions traders

Paytm Share Price: The fall of the stock of One97 Communications, the parent company of Paytm, continued as it touched the lower circuit for the second day in succession on BSE on Wednesday (March 13, 2024).

The fall came amid reports that NPCI may approve Paytm's request for a third party provider licence by March 15.

The stock of Paytm hit a lower circuit of 4.99 per cent, or Rs 18.50, at Rs 351.90, and ended the trading session on Wednesday at the same price.

The stock that closed trading on Tuesday at Rs 370.40 started trading on Wednesday at Rs 370.05 to hit the day's low of Rs 351.90, a 4.99 per cent fall from the previous close. 

BSE's advice for traders 

BSE has advised those traders trading through Paytm Payment Bank accounts to open accounts in some other bank as well.

It said that if a trader doesn't have a bank account other than Paytm Payment Bank, their trading may be affected.