Shares of Paytm parent One 97 Communications Ltd. rose for the thrid-straight day by 14.67%, as of 2:27 p.m., to Rs 674.95 apiece in trade on Wednesday.
The stock gained as much as 15.31% intraday, the most since Tuesday, when the stock advanced 20%.
Total traded volume stood at 5.6 times its 30-day average. The relative strength index at 14, implies that the stock maybe oversold.
Out of the 12 analysts tracking the stock, nine maintain a ‘buy’ rating and three recommend a ‘hold’ the stock.
The return potential as calculated by the consensus of analyst estimates, stand at an upside of 35.5% over the next 12 months.
Source: Bloomberg