PAYTM SHARE PRICE HITS LOWER CIRCUIT, STOCK SINKS 68 PC FROM PEAK
The stock of One97 Communications, the parent company of India's leading mobile payments brand Paytm, has plunged to an all-time low, hitting Rs 317.45 on Wednesday, May 8, 2024.
Paytm Share Price
The Paytm stock was frozen at the 5 per cent lower circuit on the BSE, dropping below its previous low of Rs 318.35 recorded on February 16, 2014.Paytm Share Price: Third Consecutive Day Fall
This downward spiral in Paytm's shares marks the third consecutive day of trading under pressure following the resignation of its President and Chief Operating Officer (COO), Bhavesh Gupta. Gupta's departure is part of the company's broader organizational restructuring efforts.Top Exits From Paytm
Gupta's resignation is the latest in a series of senior-level departures from Paytm in recent months, triggered by regulatory actions against its associate entity, Paytm Payments Bank (Paytm PB), by the Reserve Bank of India (RBI).How Much Paytm Share Price Down
The stock has witnessed a staggering 14 per cent decline over the past three days, plummeting by 68 per cent from its 52-week high level of Rs 998.30 reached on October 20, 2023.Related News |
Paytm Share Price: All Time High
Paytm had initially soared to a record high of Rs 1,961.05 on its listing day on November 18, 2021, having raised Rs 18,300 crore through its IPO.Paytm: Pending Sell Orders
With a combined 7.3 million equity shares changing hands on the counter so far, there are pending sell orders for approximately 2.7 million shares on both the NSE and BSE.Bhavesh Gupta Resignation From Paytm
The resignation of Bhavesh Gupta, accepted by the Paytm board during a meeting held on May 4, 2024, will be effective from May 31.Related News |
2024-05-08T11:35:44Z dg43tfdfdgfd
