Paytm share price rallies over 3%, reaches highest level since December 2021
Extending their winning run for the second straight session on Monday, December 1, shares of One 97 Communications, the parent company of Paytm, surged another 3.4% to reach ₹1,365, the highest level since December 2021.
Investors remain upbeat about the company’s growth trajectory, as regulatory headwinds, previously a major drag on the stock, are now gradually easing. This has improved earnings visibility, while the company’s plans to launch new products have further strengthened optimism on the Street.
Improving earnings in recent quarters, coupled with target price upgrades from brokerage firms, has fuelled an 18% rally in the stock over the past two months, putting it on track to deliver its third consecutive year of positive…
