Why Major Fintech Stocks Like Paytm and MobiKwik Plunged Up to 8%
Major Indian fintech stocks, including Paytm and MobiKwik, experienced a sharp decline of up to 8 percent amid heavy selling pressure on Thursday. This downturn occurred unexpectedly, defying positive brokerage outlooks and optimistic earnings forecasts associated with the proposed Unified Payments Interface Merchant framework, leaving investors seeking clarity on the sudden market reversal.
Source: Zee Business