Paytm shares jump 5%, hit upper-circuit for second consecutive day; here’s why

Shares of fintech major Paytm surged by 5 per cent for the second consecutive trading session on May 30. The stock experienced a significant rally following reports that billionaire Gautam Adani is contemplating acquiring a stake in Paytm’s parent company, One97 Communications. The stock finally closed at ₹377.40 per share on Thursday.