Paytm hits all-time low of Rs 317.45; stock tanks 68% from 52-week high

Shares of One97 Communications, which owns the brand Paytm, continued to reel under pressure, hitting an all-time low of Rs 317.45 on Wednesday. Paytm stock was frozen at the 5-per cent lower circuit on the BSE at 02:37 PM, falling below its previous low of Rs 318.35 touched on February 16, 2014.

Shares of Paytm were locked in the lower circuit for a third straight day after the resignation of President and Chief Operating Officer (COO) Bhavesh Gupta, as a part of the overall organisational restructuring.