Paytm plunges 36% from issue price; Fino Payments Bank falls for 5th day

Paytm shares were down 12% to Rs 1,370 on the BSE in the intra-day trade

Shares of One97 Communications, the parent company of digital payments major Paytm, and Fino Payments Bank continued to trade under pressure, falling up to 12 per cent on the BSE in Monday's intra-day trade, after a weak market debut last week.

The stock of Paytm slipped 12 per cent to Rs 1,370 on the BSE, extending its 27 per cent decline on Thursday. With today's fall, the stock has fallen 36 per cent against its issue price of Rs 2,150 as investors remain cautious on the company's lofty valuation and remain sceptical about its business model.

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