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Paytm parent company’s shares hit 52-week high
Shares of One97 Communications, parent company of Paytm, hit a 52-week high of 951.9 rupees (US$11.26) during intraday trading on Friday.
However, the stock soon lost momentum and fell 1.51%, trading at 913.5 rupees (US$10.8).
Paytm’s stock has rallied about 42% year-to-date. This surpasses the benchmark BSE Sensex, which increased by approximately 10% in the same timeframe.
Recent Paytm developments
| Timeline |
|---|
22-May-2024 📉 Paytm’s issues dent Q4 earnings, but hits first EBITDA profitable year in FY 2024
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06-May-2024 ⚡ Paytm shifts management, COO steps down
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10-Apr-2024 💼 Paytm Payments Bank CEO steps down amid regulatory troubles
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15-Mar-2024 💳 Paytm gets nod to be third-party UPI provider, shares jump 5%
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01-Mar-2024 📉 Paytm gains after cutting links with payments bank affiliate
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| 15-Feb-2024 📉 Paytm Payments Bank faces inquiry over foreign transactions: report |
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