India, May 7 -- Shares of fintech major Paytm continued to tumble for the second straight session this week and slumped 5% to touch the lower price band during the early trading hours on the BSE on Tuesday (May 7).

After some recovery in its share prices over the last few weeks, the shares touched INR 334.15 on the BSE, heading towards almost a three-month low level.

With the shares nosediving, Paytm's market cap also fell to $2.5 Bn, a near 50% wipe-off of its valuation since the start of 2024. On December 31, 2024, the company's market cap stood at $4.85 Bn.

It is pertinent to note that Paytm shares, which were already under pressure since the RBI's clampdown on certain operations of its payments bank business, have once again starte...