Paytm shares climb for 2nd day, jump 10%

New Delhi: Shares of One97 Communications Ltd, which owns Paytm brand, climbed 10 per cent on Wednesday, continuing its recovery journey. The stock jumped 10 per cent to settle at Rs496.75, its upper circuit limit, on the BSE after a firm beginning. Shares of the company climbed 9.99 per cent to Rs496.25 on the NSE. In two days of rebound, the company’s market valuation has climbed Rs3,720.17 crore to Rs31,547.62 crore.

The stock of One97 Communications Ltd rebounded by over three per cent on Tuesday after three days of sharp fall From February 1-5 (three days of trading), the company’s stock tumbled over 42 per cent, wiping out Rs20,471.25 crore from its market valuation, following the RBI’s crackdown.