Paytm shares rebound 8% after falling 42% in three sessions; here’s why
The fintech stock has rebounded 19.5% from day’s low of ₹395.5 to touch a high of ₹472.50 on the BSE.
The fintech stock has rebounded 19.5% from day’s low of ₹395.5 to touch a high of ₹472.50 on the BSE.
Jefferies cut the target price on Paytm by more than half to ₹500 from ₹1,050 per share; Macquarie lowered its target price to ₹650 per share.
Responding to the RBI action, the Vijay Shankar-led company says that PPBL will take immediate steps to comply with the central bank’s directions.