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Paytm share price nearly 6 per cent down after two day rally

Paytm share price was nearly six per cent down in the open after closing in positive on Wednesday.

On the Sensex, the shares of Paytm were trading at ₹469.90 after hitting a day high of ₹524. The shares of One97 Communications Ltd, the parent company of Paytm, had soared 10 per cent.

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The stock jumped 10 per cent to settle at ₹496.75 — its upper circuit limit — on the BSE after a firm beginning. Shares of the company climbed 9.99 per cent to ₹496.25 on the NSE.

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The stock of One97 Communications Ltd rebounded by over 3 per cent on Tuesday after three days of sharp fall.

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