Paytm shares increase threefold after non-core business divestment

Shares of One97 Communications, the company that operates the Paytm brand, has regained lost ground, tripling from its previous low of Rs 317 per share on May 8, 2024.

On Monday, the firm’s share price hit a 52-week high of Rs 1,007.

The Noida-based company’s stock price closed at Rs 969.70, which was 0.67 per cent lower than the previous day.

On a year-to-date (YTD) basis, the share price of the fintech major is up 52.9 per cent from Rs 646.3 per share.