Paytm sheds 42% in 3 days: Will the stock slide more as regulatory woes!
Tue, Feb 6, 2024 11:20 AM

Paytm sheds 42% in 3 days: Will the stock slide more as regulatory woes!

A Flip by Avya Verma
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Shares of Paytm are expected to continue falling on February 6 after a three-day lower circuit due to restrictions imposed by RBI on its payments bank business. The stock has already lost 42% in the last three days and may face further losses as brokerages have reduced target prices. To add to the company's troubles, CAIT has issued an advisory for businesses to switch to alternative payment apps.

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