Paytm shares fall sharply on day 2: What should you do?

Paytm shares fell sharply for the second consecutive day, eroding investors' wealth worth over Rs 50,000 crore. With Paytm's stock expected to remain volatile, analysts have asked investors to remain cautious.

The shares of Paytm’s parent firm, One97 Communications Limited, continued to fall sharply for the second straight trading session, leading to a big drop in market capitalisation.

The market capitalisation of Paytm plunged below Rs 1 lakh crore after shares of the digital payments firm failed to recover on day 2. Paytm shares were down over 14 per cent at 1:30 pm at Rs 1,342 on the Bombay Stock Exchange (BSE) and nearly 14 per cent on the NSE. Earlier in the day, Paytm shares had slid over 18 per cent.