Paytm Jumps 15% In Trade Intraday

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

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