Shares of One97 Communications, which owns the brand Paytm tanked 10 per cent on the exchanges on Tuesday after RBI ruled out any review of the central bank’s action against Paytm Payments Bank, saying that its decisions are well thought out. This is the first time that the shares of crisis-hit One97 Communications tumbled below the Rs 400 threshold on both the bourses.
The stock tumbled 10 per cent each to close at Rs 380 and Rs 380.35 apiece — its lower circuit limit as also a 52-week low level — on the NSE and BSE respectively. In volume terms, 1.14 crore equity shares were traded on the NSE, while 15.92 lakh shares were traded on the BSE, during the day.
In broader equity markets, the 30-share BSE Sensex benchmark climbed 482.70 points or 0.68 per cent to end at 71,555.19, while NSE Nifty rose 0.59 per cent to close at 21,743.25 points.
