Paytm continues to decline, stock sheds 13% more - Business News: Latest News & Videos about market and economy | Trendmergers

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Paytm continues to decline, stock sheds 13% more

Shares of Paytm parent One97 Communications plunged as much as 19% on Monday, adding to its 27% decline on debut on Thursday as retail investors who bet on a listing gain continued to dump the stock while domestic institutional investors stayed away from the counter. The subdued listing and continuation of weak trading on Paytm has dented sentiment in the domestic market, which had been thriving on the strong primary market, said analysts.

from Stocks-Markets-Economic Times
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