PAYTM share price has witnessed a major decline within a few trading sessions, leaving long term investors in a dilemma about the next support level for the stock.

PAYTM share price has recently declined from 52-week high of Rs 1,062 but Bernstein Research is still bullish on the fin-tech stock. PAYTM was trading 0.4 percent lower today at Rs 899.

PAYTM share price declined by 2.8 percent in today's session after NPCI's Deadline Extension on UPI Market Share Cap.

PAYTM share price jumped by 1.8 percent on Thursday and the stock managed to close just above Rs 1,000 on NSE.

PAYTM share managed to close above Rs 1,000 level on Friday despite showing weakness towards the close of the session.

PAYTM stock jumped to almost 3-year high on Monday after the company announced sale of its stake in Japan's digital payments giant PayPay Corporation.