Paytm slips 5% to hit new low; falls 26% in past three weeks

Shares of One97 Communications, the parent company of digital payments major Paytm, hit a new low of Rs 990, down 5 per cent on the BSE in Wednesday’s intra-day trade on the back of heavy volumes. The stock is less than 10 per cent away from touching brokerage firm Macquarie's target price of Rs 900 apiece.

In the past three weeks, the stock price of Paytm has slipped 26 per cent, whereas it has declined 54 per cent against the issue price of Rs 2,150. The company had made its market debut on November 18, 2021.

At 12:56