Paytm stock slips below ₹1,000 for 1st time since listing, then rebounds

Shares of Paytm parent One97 Communications slipped below ₹1,000 apiece in the opening trade on Friday for the first time since its listing in November. The stock hit an all-time low of ₹995 apiece before recovering some of its losses. It has eroded over half of the value from its IPO price of ₹2,150 apiece in less than two months.