Paytm share price jumps 4% despite 98% decline in net profit. Should you buy or sell?

Paytm parent company One97 Communications share price jumped nearly 4 per cent to ₹1,310.05 apiece on Thursday, November 6, despite the fintech major posted sharp decline in its net profit to ₹21 crore in September quarter as compared to ₹928 crore previous year.

Paytm stock has been gaining in one last year. The stock has surged 7 per cent in a month and has given whopping 61 per cent returns in over six months.