Paytm rallies for 2nd consecutive day

Shares of Paytm’s parent company One97 Communications continued to rally for the second consecutive day on Wednesday and further jumped over 17 per cent.

Paytm, India’s leading digital payments and financial services platform is making a comeback in the stock market as it crossed the Rs 1,700 mark on Wednesday morning trade. The stock zoomed 17.27 per cent to close at Rs 1,753.15 on the BSE. During the day, the stock jumped 19.73 per cent to Rs s 1,790. On the NSE, it gained 17.28 per cent to close at Rs 1,753. With the rally in the stock price, the company’s market valuation also went past Rs 1 lakh crore mark on the BSE.