Paytm hits over three-month high; stock surges 36% in two months

Despite its sharp run-up in the past two months, Paytm has underperformed the market by falling 34 per cent in the last six months as against a 12 per cent decline on the Sensex

Shares of One97 Communications, the parent of fintech firm Paytm, hit an over three-month high of Rs 739 as the stock gained 4 per cent on the BSE in Thursday’s trade amid heavy volumes. The stock traded at its highest level since March 11, 2022. In the past two months, the stock has rallied 36 per cent and has recovered 44 per cent from its record low of Rs 511, touched on May 15, 2022.

At 10:55 AM, Paytm traded at Rs 737, as compared to 0.43 per cent rise in the S&P BSE Sensex. Trading volume at the