Paytm share price: The counter's 14-day relative strength index (RSI) came at 57.40. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a negative price-to-earnings (P/E) ratio of 29.46 against a price-to-book (P/B) value of 4.45.
SoftBank has offloaded more than 2 per cent of its stake in Paytm-parent firm One97 Communications Limited via an open market to meet Sebi takeover rules.
The shares of fintech application Paytm s parent One97 Communications tumbled over 10 per cent after reports came out suggesting that the SoftBank Group, one of the major shareholders of the company, is selling shares worth over $200 million through a block deal today.