Paytm parent share One97 Communication tumbled 4.8% to an intra-day low of Rs 334.25 on the National Stock Exchange on March 14, a day before the company’s Paytm Payments Bank is about to cease its operations. The company’s stock fell nearly 5% intra-day for the third consecutive day. 

After March 15 customers won’t be able to withdraw money from Paytm Payments Bank. The company’s stock is quoting at a discount of 198% from its 52-week-high of Rs 998, which it touched on October 20, 2023. The stock has a lower band set at Rs 333.40.

The stock has wiped out 13% of investor’s wealth in the last five days and around 60% in the past six months. It has fallen 40% in the last year and 46% in the year-to-date.

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To compare, the benchmark 50 stock index Nifty 50 has fallen 1.4% in the past five days but has risen over 10% in the last six months. The benchmark index has given a return of 1.9% from year to date. It has risen 30% in the last year.  Come from Sports betting site VPbet