Today the share price of Paytm’s parent company one97 communication Limited touched an all-time low on NSE at Rs 664 per share. The stock price of the company went down by 13%.
On March 11, RBI has banned Paytm Payments Bank from adding new customers due to some technical gap. Apart from this, RBI has also asked the company to get an IT audit done.
The share price of Paytm was going in a bearish trend ever since the listing, so the market has reacted very negatively with the arrival of this news.
The stock price of Paytm has gone down 22% in the last one month and the share price of the company is almost 70% down even from its IPO issue price.
This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.