New Delhi: Shares of PaytmThe parent company of One97 Communications continued the rally for the second day in a row on Wednesday and jumped over 17 per cent.
India’s leading digital payments and financial services platform Paytm is making a comeback in the stock market as it crossed the Rs 1,700 mark in early Wednesday morning trade.
The stock closed at Rs 1,753.15, up 17.27 per cent on the BSE. During the day, the stock jumped 19.73 per cent to reach Rs 1,790.
On the NSE, it closed at Rs 1,753 with a gain of 17.28 per cent.
With the share price rallying, the company’s market valuation also crossed Rs 1 lakh crore on BSE. The company’s market valuation is Rs 1,13,652.10 crore.
Shares of One97 Communications had gained nearly 10 per cent on Tuesday as well.
Shares of One97 Communications Ltd made a weak start in the market on Thursday and declined over 27 per cent from the issue price of Rs 2,150.
On Monday, it fell 13 per cent for the second day in a row.
The stock markets remained closed on Friday on the occasion of ‘Guru Nanak Jayanti’.
Ant Group-backed Paytm’s Rs 18,300-crore IPO, India’s biggest share sale, was oversubscribed 1.89 times earlier this month.
This was higher than the Rs 15,000 crore offer from Minor Coal India a decade ago.
Incorporated in 2000, One97 Communications is India’s leading digital ecosystem for consumers and merchants.
India’s leading digital payments and financial services platform Paytm is making a comeback in the stock market as it crossed the Rs 1,700 mark in early Wednesday morning trade.
The stock closed at Rs 1,753.15, up 17.27 per cent on the BSE. During the day, the stock jumped 19.73 per cent to reach Rs 1,790.
On the NSE, it closed at Rs 1,753 with a gain of 17.28 per cent.
With the share price rallying, the company’s market valuation also crossed Rs 1 lakh crore on BSE. The company’s market valuation is Rs 1,13,652.10 crore.
Shares of One97 Communications had gained nearly 10 per cent on Tuesday as well.
Shares of One97 Communications Ltd made a weak start in the market on Thursday and declined over 27 per cent from the issue price of Rs 2,150.
On Monday, it fell 13 per cent for the second day in a row.
The stock markets remained closed on Friday on the occasion of ‘Guru Nanak Jayanti’.
Ant Group-backed Paytm’s Rs 18,300-crore IPO, India’s biggest share sale, was oversubscribed 1.89 times earlier this month.
This was higher than the Rs 15,000 crore offer from Minor Coal India a decade ago.
Incorporated in 2000, One97 Communications is India’s leading digital ecosystem for consumers and merchants.
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