News > Paytm Shares Jump 13% After Freefall, Still At 72% Discount To Issue Price

Paytm Shares Jump 13% After Freefall, Still At 72% Discount To Issue Price

The stock of One97 Communications, Paytm’s parent firm, jumped almost 13 percent on Thursday, a day after the company issued a clarification to the stock exchanges on its shares hitting a series of lows in the recent past.

This is the biggest gain for Paytm in four months on the back of higher volumes. In the past month, the stock has wiped off more than 24 percent of investors’ wealth.