Paytm shares recover after two days of losing streak

Shares of Paytm NSE 11.41 %’s parent firm One97 Communications recovered on Tuesday after two days of decline. The company’s stock was at Rs 1,494.95 at close of day on Tuesday, up 9.4% from the previous day’s close.

On Monday, the company’s shares extended their losses, dragging its market cap under Rs 1 lakh crore ($13.45 billion). The stock fell as much as 18.72% intraday to Rs 1,271.25 on BSE before paring some of the losses to end the day 13.03% lower at Rs 1,360.30.