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Paytm share price has jumped more than 35% so far in 2023, and brokerages see further upside in the fintech stock. The stock hit an intraday high of Rs 718 on NSE today. Watch this Business Today Visual Story to know whether you should buy Paytm shares.
Paytm share price today: Shares of One97 Communications Ltd (Paytm) jumped 5% on NSE in Monday's trade, rallying for the sixth straight day. The latest rise in Paytm share price was seen as a host of foreign brokerages stayed optimistic on the stock post the company's Q4FY23 results.
Sharma believes that generative AI will revolutionise the way server-side components are used, much like Google did with internet searches
Paytm consolidated net loss narrowed sharply to ₹392 crore in December 2022 quarter against the loss of ₹778.4 crore in the same period a year ago. Meanwhile, revenue climbed 42% to ₹2,062.2 crore in Q3FY23 versus ₹1,456.1 crore in Q3FY22.
Paytm share price: The stock climbed as much as 6.79 per cent to hit a day high of Rs 542.90 against its previous close of Rs 508.40. A total of 5.99 lakh shares changed hands today on BSE, amounting to a turnover of Rs 31.88 crore.