The stock fell by 15.48%, resulting in a loss of ₹4,870.96 crore in market valuation on the Sensex. Investors will be closely watching the stock when the market opens on Monday. On Friday, the shares of Paytm closed at ₹419.85, a decrease of 6.09% on the BSE.
Throughout the day, the shares dropped to ₹408.30, a decline of 8.67%. Similarly, on the National Stock Exchange, the company’s stock declined to ₹419.15, a decrease of 6.15%, with a further drop to ₹410, a decline of 8.20%.
This recent plunge follows a two-day rally that initially caused a 10% decrease in share price. Additionally, the stock had previously crashed by over 42% between February 1 and 5, resulting in a loss of ₹20,471.25 crore in market valuation.
The decline in stock price occurred after the Reserve Bank of India prohibited Paytm Payments Bank from accepting new deposits after February 29, due to persistent non-compliance.
For more information visit at https://happenrecently.com/zepto/?amp=1
