Paytm can slip below Rs 400 if Bears tighten grip; Delhivery may hit Rs 300

Paytm dived over 10 per cent in intraday deals on Thursday amid heavy volume of around 40 million shares. The stock now seems headed to test support at its all-time low of Rs 510.

Shares of One97 Communications, the parent company of Paytm, tumbled over 10 per cent in intraday deals on Thursday. The sharp fall comes on the back of block deal. At 09:22 am, around 38 million equtiy shares changed hands at the counter on the NSE this morning.

According to reports Japan-based SoftBank Group was expected to offload 29 million shares in the price band of Rs 555 - 601.45 via block deal today. READ MORE

Following today's sharp fall, the stock now seems to be headed towards its all-time low placed at Rs 510, which can act