TOI+ Market Watch: Why Paytm stocks had their biggest drop since listing

Dec 8, 2023 | 08:32 IST

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Paytm stock prices fell 20% on Thursday after it decided to start giving out fewer small loans — of less than Rs 50,000 — and focus on high-value loans instead. This was its sharpest decline since listing two years ago.

The drop was not exactly unexpected.
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