New Delhi, July 22 -- Shares of One 97 Communications (Paytm) extended their losing streak for a seventh consecutive session on Wednesday, 22 July, as investors continued to react to the company's June quarter (Q1 FY27) earnings and its decision to shelve its first-ever bonus share issue.

The Vijay Shekhar Sharma-led fintech company's board announced the Q1 FY27 results after market hours on Monday, 20 July. Paytm share price fell another 2% on Wednesday, taking its cumulative decline to around 8% over the past seven trading sessions.

Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said Paytm has corrected nearly 8% from its recent high of Rs.1,407, reached on 15 July, reflecting healthy profit-booking after a...