Paytm surges 9%, hits over 7-month high on heavy volumes; up 34% in 1 month

Shares of One97 Communications, which owns and operates fintech platform Paytm, hit an over seven-month high of Rs 687.30 on Tuesday, as the stock soared 9 per cent on the BSE, in an otherwise range-bound market amid heavy volumes.

The stock is trading at its highest level since January 31, 2024. In the past one month, the market price of Paytm has surged 34 per cent. The stock of the fintech company has doubled, zooming 121 per cent, from its 52-week low of Rs 310 that it touched on May 9, 2024.