The shares of Paytm (One 97 Communications) surged nearly 4% after opening higher at ₹904 against the previous close of ₹895.10. The shares witnessed the high of ₹934 and are currently trading upwards following a positive business update.
Also: Paytm has joined forces with the government-supported National Cooperative Consumers Federation (NCCF) to offer essential groceries such as onions and pulses at cost-effective rates through the Paytm Se ONDC Network. Through this collaboration, Paytm has initiated the sale of Chana Dal at a price of ₹120 for 2 kg and onions at ₹50 for 2 kg, serving over 100 pin code areas in Delhi. This partnership aims to provide affordable and accessible grocery options to consumers.
Paytm E-Commerce Private Limited Spokesperson said, “Being the most preferred buyer app on the ONDC Network, we aim to offer everyday essentials to our users at an affordable price. This partnership between Paytm se ONDC Network and National Cooperative Consumers Federation empowers users to select items from a wide spectrum of vendors, ranging from small neighbourhood stores to large supermarket chains.” (Report)
At 10:07 AM the shares of the Paytm were up 3.66% or 31.90 at ₹927.00.
