Paytm shares crash over 42% in 3 days; investors lose Rs 20,500 crore
Mon, Feb 5, 2024 1:49 PM

Paytm shares crash over 42% in 3 days; investors lose Rs 20,500 crore

A Flip by Avya Verma
Get it on Google Play
Shares of troubled fintech One 97 Communications or Paytm fell another 10% on Monday to its lower circuit limit at Rs 438.35 on BSE as the regulatory crisis deepened with fresh allegations of money laundering and investigation by the Directorate of Enforcement (ED) coming to the fore. In the last 3 trading sessions, including today, the stock has lost 42.4% of its value or Rs 20,500 crore.

More great flips

Palantir Stock Rises as It Shifts Listing To Nasdaq

Palantir Stock Rises as It Shifts Listing To Nasdaq

Palantir Technologies shares are rising in premarket trading Friday after the analytics software provider said it is shifting its listing to the Nasdaq from the NYSE. The company, a retail investor favorite, said it will transfer the listing of its Class A common shares to the Nasdaq Global Select Market, with trading set to start on Nov. 26, making it eligible for Nasdaq 100 inclusion.

Open Flip
Citadel Securities’ Inflation Head Says Tariffs No Worry for Fed

Citadel Securities’ Inflation Head Says Tariffs No Worry for Fed

Citadel Securities’ Durham Abric says the Federal Reserve’s interest-rate path probably will be uninterrupted by the incoming Trump administration’s protectionist posture. Former President Donald Trump, who imposed punitive tariffs on US imports in his first term, has made it clear he’ll do so again on taking office in January.

Open Flip
Vaccine stocks plummet after Trump names Robert F Kennedy Jr health secy

Vaccine stocks plummet after Trump names Robert F Kennedy Jr health secy

Donald Trump's appointment of vaccine skeptic Robert F Kennedy Jr as health secretary sparks concerns, causing pharma stocks to plummet, with GSK, AstraZeneca, and Sanofi shares dropping by as much as 4.4% due to Kennedy's anti-vax views and potential impact on vaccine development and public health policies.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon