Shares of One97 Communications, the parent company of fintech giant Paytm, soared by 8% to ₹678.50 on September 10, 2024.
The rally follows the GST Council's decision not to impose GST on UPI transactions below ₹2,000, boosting investor sentiment. Additionally, Paytm's recent announcement that Zomato will acquire its entertainment ticketing business for ₹2,048 crore adds to the positive momentum. This sale will allow Paytm to focus on its core financial services.