Paytm Parent One 97 Communications Declines In Trade

Shares of Paytm parent, One 97 Communications Ltd. declined 6.75% to Rs 592.2 apiece in trade on Tuesday.

The stock fell as much as 7.72% intraday to Rs 586.1 apiece, declining the most in 11 days since Feb. 10, 2023.

Total traded volume stood at 0.9 times its 30-day average. The relative strength index was at 47.8.

Out of the 12 analysts tracking the company, nine maintain a ‘buy’ rating and three recommend a ‘hold’ on the stock.

The return potential as calculated by the consensus of analyst estimates, stand at an upside of 56.9% over the next 12 months.

Source: Bloomberg

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