Paytm Stages Strong Comeback, Stock Up 40% From Lows
Paytm, which had slumped 40% below its IPO price on its first two days of trade, has made a remarkable comeback at the stock markets. Yesterday, Paytm’s stock had risen nearly 10% over the course of the trading day. Paytm’s stock continued the momentum today, rising another 18% to trade at Rs. This means that while Paytm still trades nearly 20% below its IPO price, its stock has surged 40% in less then 3 trading sessions. Things hadn’t improved on the second day of trade, when Paytm’s stock had crashed another 18% to trade at Rs.