Paytm shares proceed to say no for second day; tumble almost 14%

Shares of newly-listed One97 Communications, Paytm’s dad or mum firm, continued to say no for the second day in a row on Monday, tumbling almost 14 per cent.
The counter continued to bear a abandoned look because the inventory declined 13.66 per cent to Rs 1,350.35 on BSE.
On NSE, it tumbled 13.39 per cent to Rs 1,351.75.
Shares of One97 Communications Ltd on Thursday made a weak market debut and tumbled over 27 per cent from the difficulty worth of Rs 2,150.
According to market analysts, considerations over valuation weighed on the inventory.
Ant Group-backed Paytm’s Rs 18,300 crore IPO, India’s largest share sale, was oversubscribed 1.89 occasions earlier this month.
This was better than miner Coal India’s Rs 15,000 crore provide a decade again.
Incorporated in 2000, One97 Communications is India’s main digital ecosystem for shoppers and retailers.