Paytm share price gains for fifth straight session, crosses ₹1,000 for the first time in six months

Paytm share price in focus today: Shares of One 97 Communications, the parent company of Paytm, jumped nearly 3% in intraday trade on Wednesday, July 16, hitting the day’s high of ₹1,014, crossing the ₹1,000 level for the first time in six months.

Today’s rally also marked the fifth consecutive session of gains for the stock, taking its total rise to 9% so far in July. The stock was last seen around the ₹1,000 range in early January, but failed to sustain those levels and underwent a correction that lasted for two months before regaining momentum in early March, with the stock ending the following four months in green.