Paytm share price surges 8%; brokerages remain upbeat about the stock
Paytm reported that average monthly transacting users rose 24% YoY to 9.2 crore for April and May. Paytm also said it was seeing growth in the distribution of postpaid and personal loans.
Shares of One 97 Communications (Paytm) surged over 8 per cent in intraday trade on BSE on Thursday (June 8), looking set to extend their gains into the second consecutive session. The stock opened at ₹735.50 against the previous close of ₹727 and rose 8 per cent to hit the intraday high of ₹785.50.
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