🚨 Paytm Slips After Multiyear High as Promoter Stake Sale Report Weighs on Sentiment

Shares of One 97 Communications (

) fell as much as 1.7% in morning trade on August 18, 2026, extending their third consecutive session of losses after a strong four-session winning streak that had pushed the stock to a multiyear high. The decline follows reports that Resilient Asset Management B.V., the promoter entity of founder Vijay Shekhar Sharma, may sell up to a 4.98% stake in the company through a block deal. The reported floor price is ₹1,535.10 per share. While the stake sale has triggered near-term pressure on the stock, investors will closely watch market absorption and the company's business fundamentals for further direction. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.