Paytm shares settle over 6% higher as firm narrows loss in December quarter

Shares of One97 communications settled over 6 per cent higher on Monday after the company narrowed its consolidated net loss to `392 crore in the third quarter.

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

The stock ended at `558 apiece, up 6.31 per cent on the BSE. During the day, it climbed 7.8 per cent to `566.

On the NSE, it zoomed 6.11 per cent to close at `557 per scrip.

In volume terms, 3.12 lakh shares of the firm were traded on the BSE and over 91 lakh shares were on the NSE during the day.