Paytm shares at ₹1,925, close in on IPO listing-day high after 100% rally from March lows. What drove the recovery?
For long-term Paytm shareholders, Thursday’s rally marked a significant milestone, with the stock moving closer to its listing-day high nearly five years after its IPO. The shares ended today’s session 7.3% higher at ₹1,925, their highest closing level since making their stock market debut in November 2021.
The rally came amid improving investor sentiment, driven by expectations that the introduction of merchant discount rate (MDR) charges could boost margins and provide a fresh growth driver for the company.
