Paytm Share Price Today: investors lose Rs 20,500 crore, Paytm shares hit lower circuit

Paytm share price today: Paytm, the renowned fintech company, has been grappling with a severe crisis as its share price takes a nosedive. On Monday, the Paytm share price hit a lower circuit, plummeting by 10% to reach Rs 438.35 on the Bombay Stock Exchange.

This alarming decline comes in the wake of an ongoing regulatory crisis and fresh allegations of money laundering, with an investigation initiated by the Directorate of Enforcement (ED), as reported by the Economic Times.

Paytm Share Price Today

Over the past three trading sessions, including the current one, Paytm’s stock has lost a staggering 42.4% of its value, resulting in a market capitalization drop of Rs 20,500 crore. These consecutive losses have compelled stock exchanges to revise the lower circuit limit from 20% to 10%.

Brokerages Turn Bearish Amid RBI Ban Brokerage firms, once optimistic about Paytm’s path to profitability, have now taken a bearish stance due to the crisis faced by Paytm Payments Bank, stemming from the Reserve Bank of India’s (RBI) ban imposed on January 31. This unforeseen development has raised concerns among investors.

ED Investigation and Denials

Paytm has been under ED investigation since 2021 for alleged money laundering and illegal betting, although the company staunchly denies any ED investigation related to money laundering. Paytm issued a statement asserting, “Neither the Company nor its founder and CEO are being investigated by the Enforcement Directorate regarding inter alia money laundering. In the past, certain merchants/users on our platforms have been subject to inquiries and on those occasions, we have always cooperated with the authorities.”

The company further emphasized its commitment to abiding by Indian laws and taking regulatory orders seriously, categorically denying involvement in any anti-money laundering activities.

RBI’s Threat to Paytm Payments Bank

The Reserve Bank of India’s potential cancellation of Paytm Payments Bank’s license next month looms as a significant threat to the company. Reports also suggest that the Confederation of All India Traders (CAIT) has advised businesses to explore alternative payment options and move away from relying on Paytm.

Brokerages Adjust Target Prices

In light of the RBI restrictions and the ongoing crisis, several brokerages have lowered their target prices for Paytm shares. Jefferies downgraded Paytm to ‘Underperform’ with a target price of Rs 500 per share, while Macquarie reduced its target price to Rs 650 per share. Motilal Oswal expressed caution about Paytm’s business model and suggested a target of Rs 575.

To stay updated with the latest information related to the stock market and receive live stock market updates, follow Sharedhan and stay connected with us. Check out Today’s Share Market Open or Closed.

Google NewsFacebook

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Sharedhan. We advise investors to check with certified experts before making any investment decisions.


In 2015, I Started Working as a Blogger Now I am a Versatile Professional With Experience in Blogging and Content Writing. I entered the stock market as a beginner in 2017. I was passionate about the stock market and learned something new every day. I Conduct Thorough Research and Produce High-Quality Content for Our Readers. Every Piece of Content Is Based on My Extensive Expertise and In-Depth Research.