On Wednesday, February 14, Paytm's share price plummeted by 10% to hit a 52-week low of ₹342.40 on the BSE during intraday trading. The month has seen intense selling pressure on Paytm shares, resulting in a decline of up to 55%. The stock opened at ₹353.50, lower than the previous close of ₹380.35, and swiftly reached its lowest point. By around 11:30 am, the stock was trading at ₹356.45 on the BSE, down by 6.28%. The selling pressure intensified following the Reserve Bank of India's (RBI) decision to restrict certain operations of Paytm Payments Bank (PPBL) after a system audit and subsequent compliance validation report by external auditors. On January 31, the RBI directed PPBL to cease accepting deposits or top-ups in various customer accounts and instruments after February 29, citing significant non-compliance with regulations and supervisory concerns. Several brokerage firms downgraded Paytm's stock after the RBI's action. Global brokerage firm Macquarie recently downgraded the stock to 'underperform' and substantially reduced its target price to ₹275 per share from the previous ₹650, citing a sharp decline in revenues across different segments. Additionally, the Directorate of Enforcement (ED) has initiated an inquiry into suspected breaches at Paytm Payments Bank, following a referral from the RBI. While the ED has launched a preliminary inquiry, it has not yet registered an enforcement case information report as of Monday.