On May 30, Sharma bought 1,00,552 shares worth Rs 6.31 crore and on May 31, he bought 71,469 shares worth Rs 4.68 crore
BharatPe co-founder Ashneer Grover surprised everyone on Thursday after he tweeted urging people to "buy" Paytm stocks.
Paytm Payments Bank termed the report "completely false, inaccurate and unverified," adding that it is fully compliant with RBI’s directions on data localisation
This move enables the company to create a long-term sustainable business in partnership with ONDC
Macquarie has cut the target price by 36 per cent for Paytm parent company One97 Communication, which is already facing heat from RBI restrictions and investors’ wrath.
Paytm stock was down 9.25 per cent to trade at Rs 1,357.15 at 9:57 AM. Interestingly, the stock was trading close to its record low of Rs 1,271.25 touched November 22, 2021.
The remarks come amid a steep decline in Paytm's shares, which are now trading 75 per cent lower than the price at which investors bought them at the initial public offering
On NSE, it tumbled 13.39 per cent to Rs 1,351.75. On Thursday, the company’s made a weak market debut and tumbled over 27 per cent from the issue price of Rs 2,150.
On NSE, it tumbled 13.39 per cent to Rs 1,351.75. On Thursday, the company’s made a weak market debut and tumbled over 27 per cent from the issue price of Rs...