Paytm shares zoom 16% in 3 days of non-stop upper circuits. Is the worst behind?

With investors presuming that the worst of the regulatory crisis is behind for Vijay Shekhar Sharma, Paytm shares on Tuesday hit the 5% upper circuit limit for the third straight session at Rs 376.45 on BSE. In the last 3 days of non-stop rally, the stock is up 16%.

The interest in Paytm, which has been on a roller coaster ride ever since it was listed on stock exchanges on 18 November 2021, resurfaced following positive news flow coming in from RBI, ED and deal with Axis Bank.