Paytm shares gained 8.5%, crossing ₹400 after 8 weeks, recovering 33.5% from its all-time low. RBI lifted restrictions on Paytm Payments Bank, boosting investor confidence and stock prices.
Paytm's stock hit ₹414, a 33.54% rise from its ₹310 low in May, amid positive market trends.
UPI transactions on Paytm reached ₹1.24 trillion in May, reflecting strong growth and stabilization.
Paytm leads in peer-to-merchant UPI transactions, bolstered by a vast merchant base and innovative services.
Despite a widened Q4 loss to ₹550 crore, Paytm's annual revenue increased by 25% to ₹9,978 crore.