Shares of crisis-ridden One 97 Communications, which runs Paytm, dropped 9.4% to hit a low of Rs 450 on BSE. Investors lost patience after a meeting between Paytm founder Vijay Shekhar Sharma and Finance Minister Nirmala Sitharaman and RBI officials yielded no positive results. Paytm shares have lost about 41% of their value since the RBI’s diktat on January 31.
What to do with stocks like KPIT, Paytm now? Dipan Mehta answers
Dipan Mehta, Director at Elixir Equities, suggests caution for investments in KPIT, Paytm, Hyundai, Reliance Industries, and TVS Motors. He recommends careful consideration due to