Paytm stages 10% recovery after 36% fall; Here is more to know about the stock

Shares of Paytm, traded by the name One 97 Communication, rose 10% to hit the upper circuit of Rs 496.25 after the company’s chief executive officer Vijay Shekhar Sharma went to the Finance Ministry on Wednesday. The trading of the stock was frozen till the markets closed after hitting the new upper circuit of 10%.

However, the Reserve Bank of India refused to help Paytm Payments Bank Limited (PPBL) in any manner, including in the process of migration of the company’s accounts to other banks or extending the deadline beyond February 29, 2024, said a source familiar with the matter to Moneycontrol.