Paytm shares jump 5%, hit upper circuit limit

New Delhi: Shares of One97 Communications Ltd, which owns and operates Paytm, on Friday, jumped 5 per cent after the company said the board has approved the discontinuation of inter-company pacts with Paytm Payments Bank to reduce dependencies.

The stock climbed 5 per cent to Rs 425.45 – its upper circuit limit – on the BSE after falling in the past three trading days. Shares of the company had fallen by 5.31 per cent in the last three days.

The stock jumped 4.99 per cent to Rs 423.45 – the upper circuit limit – on the NSE.

In traded volume terms, 7.97 lakh shares of the company were traded on the BSE and over 46.64 lakh shares on the NSE during the day.