Paytm crashes 20% again, Morgan Stanley hits ‘buy’

Saturday, 3 February 2024
Despite assurances from Paytm management to investors that the company would distance itself from Paytm Payments Bank following RBI's imposition of severe restrictions on its operations, the street remained unconvinced, except for global financial major Morgan Stanley. For the second straight day, the stock price of One97 Communications, which operates Paytm, plunged 20% and hit the lower circuit limit at Rs 487 on Friday.

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Why did Paytm shares surge 5% in trade today? Check out the factors working for founder Vijay Shekhar Sharma

Shares of Paytm's parent company, One 97 Communications, surged 5% on the BSE after RBI asked NPCI to consider Paytm as a third-party UPI provider. Morgan...
IndiaTimes on February 26, 2024

Paytm crashes 20% again, Morgan Stanley hits ‘buy’

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Why did Paytm shares surge 5% in trade today? Check out the factors working for founder Vijay Shekhar Sharma