Paytm rises 6% after strong operational performance in Q1

New Delhi: Shares of One97 Communication NSE 5.90 %, the parent company of Paytm, rallied as much as 6 per cent during the early trade on Monday after the company reported a better-than-expected performance in the June 2022 quarter.

The digital financial services provider said its net loss widened year-on-year (YoY) to Rs 644.4 crore in the June quarter of the current fiscal against a loss of Rs 380.2 crore in the corresponding quarter of the last fiscal year.