Paytm stock gains 3% today, recovers after 42% fall in 3 days; RBI, ED concerns still linger
Paytm stock jumped on February 6, recovering from a 42 percent fall in the last three trading sessions prompted by RBI’s sweeping curbs on the company’s payments bank business. The stock closed at Rs 451.15, up 2.9% today, coming off the day’s high of Rs 473.55.
Earlier in the session, Paytm stock jumped as much as 8 percent, after the counter was locked in a lower circuit for three straight sessions following the Reserve Bank of India’s restrictions.
The curbs include a ban on accepting new deposits and conducting credit transactions after February 29.
source:internet
