Discover the rollercoaster ride of Paytm's stock price as it plummets due to RBI restrictions. Find out the latest updates on Paytm's turbulent journey in the stock market.
Paytm's share price has been on a rocky road recently, with significant fluctuations in response to events involving the Reserve Bank of India (RBI). On various dates in early February 2024, Paytm's stock price experienced a sharp decline, with drops as high as 20%, leading to lower circuits being triggered. The RBI's imposition of restrictions on Paytm's payment bank due to non-compliance sent shockwaves through the market.
Amidst this turmoil, investors witnessed Paytm's stock plummeting by 40% in just two trading sessions, hitting a 52-week low and sparking concerns among analysts. Brokerages like Jefferies downgraded Paytm, cutting the target price significantly to Rs 500 per share. The regulatory actions by the RBI not only impacted Paytm's stock performance but also led to doubts among investors regarding the future prospects of the company.
Despite Paytm's attempts to provide updates and assurances post-RBI actions, the stock remained locked at a 20% lower circuit, indicating the prevailing uncertainty in the market. The ongoing saga highlights the challenges faced by Paytm amidst regulatory scrutiny and the need for strategic decisions to regain investor confidence.
Paytm stock price went down today, 31 Jan 2024, by -0.01 %. The stock closed at 761.1 per share. The stock is currently trading at 761 per share.
Paytm stock price went down today, 01 Feb 2024, by -0.01 %. The stock closed at 761.1 per share. The stock is currently trading at 761 per share.
Paytm share price: In a strong statement on Wednesday, the Reserve Bank of India (RBI) imposed restrictions on Paytm's payment bank due to non-compliance.
Paytm, in a update earlier today, said it has been informed that the RBI move does not impact user deposits in their savings accounts, Wallets, FASTags, ...
Paytm Share Price Live: Paytm's shares dropped day after the Reserve Bank of India barred Payments Bank from accepting new deposits after February 29.
Paytm share price BSE, RBI ban on Paytm Payments Bank: The Reserve Bank's action against Paytm Payments Bank follows a comprehensive system audit report and ...
Shares of Paytm, owned by One 97 Communications, crashed 20% on BSE after the RBI directed Paytm Payments Bank to halt new credit and deposit operations.
RBI barred the Payments Bank from taking deposits in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024, ...
Shares of Paytm are locked in a lower circuit of 20% after the Reserve Bank of India imposed restrictions on Paytm Payments Bank on Wednesday, ...
Stock market today: Following the Reserve Bank's restrictions on Paytm's payment bank, Paytm's share price today witnessed huge selling pressure.
Shares of One97 Communications Limited (OCL), which owns Paytm brand, plummeted 20% on February 1 as the RBI directed Paytm Payments Bank Limited (PPBL) to ...
RBI imposes restrictions on Paytm Payments Bank, leading to downgrades by brokerages like Jefferies. Jefferies cuts target price to Rs 500 per share, ...
Paytm shares were down 20 per cent after the Reserve Bank of India took regulatory action against Paytm Payments Bank Limited.
Paytm share price: Paytm expects an impact on its annual Ebitda (earnings before interest, taxes, depreciation and amortisation) in the range of Rs 300 to ...
Paytm stock price went down today, 02 Feb 2024, by -20 %. The stock closed at 608.8 per share. The stock is currently trading at 487.05 per share.
Paytm share price: The stock is now down 51 per cent over its 52-week high of Rs 998.30 hit in October last year.
Paytm share price hit its 20 per cent lower circuit for the second consecutive session on Friday, February 2.
Paytm share price today: The Reserve Bank of India (RBI) on January 31 imposed restrictions on Paytm Payments Bank.
The RBI's punitive measures will have a significant impact on Paytm's business performance, said Motilal Oswal Financial Services, which slashing its price ...
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The massive erosion in Paytm's stock price is the result of the RBI's stringent action whereby it has prohibited Paytm Payments Bank Limited (PPBL) from ...
Shares of Paytm were locked at 20 percent lower circuit for the second consecutive day on February 2 amid the Reserve Bank of India's whip on its lending ...
Paytm shares plunged 20% to Rs 487.20, hitting a 52-week low and marking a 40 per cent decline in just two trading sessions.