Shares of Paytm (One97 Communications) were trading at Rs 616.70 on the NSE at 3:24 PM, up 3.54% from the previous close.
The stock opened at ₹585.60 and surged to a day high of ₹620.95, marking a substantial intraday gain. However, it also saw a low of ₹583.60 before recovering.
Although the market seems to be optimistic at the moment, it is unclear exactly why Paytm saw such a rise. In the upcoming sessions, investors will be watching for signs as to whether the stock can maintain its momentum.
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