On Monday, the firm's share price hit a 52-week high of ₹1,007. The Noida-based company's stock price closed at ₹969.70, which was 0.67 per cent lower than the previous day.
On a year-to-date (YTD) basis, the share price of the fintech major is up 52.9 per cent from ₹646.3 per share.
The rally comes on the back of the company's Singapore unit selling a stake in Japanese payments company PayPay Corporation for ₹2,364 crore last week. This has strengthened the parent firm's cash reserves.
Paytm currently has a cash balance of over ₹10,000 crore. The ₹2,364-crore sale would expand it by over 20 per cent.
The company sold its entertainment ticketing business to Zomato for ₹2,048 crore in August.
Denne historien er fra December 10, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 10, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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