Paytm stock price today: One 97 Communications shares crash 10% on FinMin’s statement on UPI transactions – here’s what happened
NEW DELHI: Paytm on Thursday tumbled as much as 10% on Thursday hitting an intraday low of Rs 864.40 on BSE Sensex, after the finance ministry clarified that there are no plans to introduce a Merchant Discount Rate (MDR) on UPI transactions.As of 10 am, Paytm was trading 6% lower, underperforming the broader NSE Nifty 50, which was down just 0.14%. This marks Paytm’s steepest single-day drop since February 2024, as investor sentiment took a hit following the official denial.The sharp fall in the stock price of One 97 Communications, Paytm’s parent company, came after the finance ministry on Wednesday clarified that reports suggesting MDR charges on UPI payments were “false, baseless, and misleading.”“Speculation and claims that the…
