Paytm shares hit upper circuit for 4th day
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New Delhi: Shares of One97 Communications which owns Paytm brand hit the upper circuit for the fourth consecutive session on Wednesday. The stock of the fintech major climbed 5 per cent each to Rs395.25 and Rs395.05 per piece, its upper circuit limit on the BSE and NSE, respectively.
In the morning session, the 30-share BSE Sensex gained 27.95 points or 0.04 per cent to 73,085.35, while Nifty of the NSE slipped 15.75 points to 22,181.20. The Paytm scrip has rebounded since Friday and gained more than 21 per cent from Thursday’s closing level of Rs325.
The rally in shares of One97 Communication came amid reports that the ED which has been probing crisis-hit fintech company’s arm PPBL, has not found any breaches of the foreign exchange rules so far.
