Stock viewMint
Paytm shares close near IPO high after 100% rally
Positive+33
GreyOak summary
Paytm shares rose 7.3% to ₹1,925, nearing their November 2021 listing high. The rally follows a 100% recovery from March lows, driven by expectations that new merchant discount rate charges will improve margins. The company reported a 976% year-on-year profit increase in the September quarter, with mutual funds increasing their stake to 21.17%.
What it affects
- One 97 CommunicationsPAYTMPositive +33
Shares rallied 100% from March lows to ₹1,925.Rolling sentiment Positive +41
Source
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