Paytm shares continues to decline, slumped 13% on 2nd day: Should you buy?

According to market analysts, concerns over valuation weighed on the stock.

New Delhi: Shares of newly-listed One97 Communications, parent company of Paytm, continued to decline for the second day in a row as it tumbled 13 per cent on Monday.

The counter continued to bear a deserted look as the stock declined 18.72 per cent to Rs 1,271.25 during the day on BSE. It tanked 13.03 per cent to close at Rs 1,360.30.

On NSE, it tumbled 12.89 per cent to settle at Rs 1,359.60.