Paytm Shares Slip To 52-Week Low Amid Exodus Of Leaders
India, May 8 -- Continuing its recent skid in the stock market, shares of fintech major Paytm slipped by 5% to INR 317.45 during the intra-day trading on BSE on Wednesday (May 8). With this, the stock has hit a 52-week low, and its market cap has slid under $2.5 Bn.
In line with the drop in the share prices, Paytm's market cap has shrunk to $2.41 Bn; its shares were trading at INR 370.2 on the BSE as of Friday (May 3).
However, since then share prices have continued to slide by 5% in every session this week. After dropping to INR 351.70 on Monday, the shares went down to INR 334.15 on Tuesday.
Paytm has seen increased volatility ever since the Reserve Bank of India (RBI) clampdown on certain operations of its payments bank business in ...
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