One97 Communications (Paytm) touched a fresh 52-week high of Rs. 1,732, with the stock trading around Rs. 1,716.50 in the latest session. The shares have gained approximately 34% over the past month, making Paytm one of the stronger performers among BSE 100 stocks.
The move comes amid improving sentiment towards the digital-financial-services company. Investors are increasingly watching the company’s operating performance and its ability to sustain growth following the regulatory challenges it faced previously.
Paytm was not alone in reaching a fresh yearly high. Divi’s Laboratories, TVS Motor, AU Small Finance Bank, JSW Steel and United Spirits also touched 52-week highs in the latest session.
