Paytm stock plunges 20% after downgrades by brokerages
Fri, Feb 2, 2024 10:02 AM

Paytm stock plunges 20% after downgrades by brokerages

A Flip by Avya Verma
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Mumbai: Shares of One97 Communications, the parent of digital payments firm Paytm, plunged 20% Thursday - the lowest tradable limit of the day - even as analysts downgraded the stock after the Reserve Bank of India directed subsidiary Paytm Payments Bank to stop offering its key services after February 29. The stock closed at ₹608.80 on the BSE on Thursday.

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