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Paytm shares slip 3% after SoftBank sells more stake; tech charts & other details

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.
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SoftBank offloads 2% stake in Paytm in a series of disposals since February

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. ....

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Paytm Shares Tumble After Reports Of SoftBank Cutting Stake

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. ....

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