Paytm share price rallies 5% after RBI gives nod to operate as online payment aggregator. Should you buy?

Paytm share price: One 97 Communications, the parent firm of Paytm, saw its shares surge 5.27 per cent to ₹1,183.60 on the NSE in Wednesday’s trading session after the Reserve Bank of India (RBI) granted in-principle approval to its wholly-owned unit, Paytm Payments Services Ltd (PPSL), to function as an online payment aggregator.

Paytm share price has remained largely positive in the near term. The stock has given multibagger returns in the last one year by surging over 132 per cent.