Paytm shares climbs over 6% after firm narrows loss

Shares of One97 Communications climbed over 6 per cent in late morning trade on Monday after the company narrowed its consolidated net loss to Rs 392 crore in the third quarter.

One97 Communications (OCL) is the parent entity of leading mobile payments and financial services company Paytm.

The stock of One97 Communications rallied 6.44 per cent to Rs 558.75 apiece on the NSE.

On the BSE, it jumped 6.30 per cent to Rs 557.95 per share.

The financial results of One97 Communications came after market hours on Friday.