Stock exchanges BSE and NSE have revised the circuit limits for Paytm parent company One97 Communications following a steep price crash caused by RBI’s crackdown on Paytm Payments Bank. The circuit limits have been changed to 10%, and the stock cannot fall below the lower limit or rise above the upper limit. The RBI’s action against Paytm Payments Bank, which was barred from accepting fresh deposits, has had a significant impact on Paytm’s operations. Jefferies and Motilal Oswal Securities have downgraded Paytm’s parent shares.
| Subscribe To Our Free Newsletter |
