Paytm stock hits record low

One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade — and the pain is worsening. 

Shares of One 97 Communications, Paytm’s parent, continued their downward trend for the third straight session on Wednesday to hit fresh one-year lows. The stock further plunged 7.70 per cent to hit a record low of Rs 440.35, but no near-term relief is likely for the stock. Technical charts paint a grim outlook, with analysts suggesting Rs 350 and even sub-Rs 300 targets.

One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade — and the pain is worsening.  Shares of One 97 Communications, Paytm’s parent, continued their downward trend for the third straight session on Wednesday to hit fresh…

One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade — and the pain is worsening.  Shares of One 97 Communications, Paytm’s parent, continued their downward trend for the third straight session on Wednesday to hit fresh…