Paytm Shares are on the rise..!? Comfort to investors..!?

Sowmiya Sriram
Paytm Shares are on the rise..!? Comfort to investors..!?
Shares of paytm fell sharply after the Reserve bank banned paytm Payments Bank. Due to this, investors also suffered huge losses. Many people sold shares at the price they arrived at. In this case, paytm company shares have started to rise again. Shares of paytm company One97 Communications Ltd rose 5 percent in february 20 trading. That means the price of one share rose by Rs 17.90 to trade at Rs 376.25. paytm founder Vijay Sharma's announcement that the deadline for stricter restrictions on paytm has been extended to march 15 and the company's QR code service will continue to operate has seen the stock rise.
After the Reserve bank banned paytm Payments banking services, there was a lot of confusion among the customers. They were confused as to whether they could continue to use paytm and how to switch to another company. However, RBI has confirmed that even after march 15, paytm QR Code will be functional and merchants can link these with another bank account. BTM shares have been on the upswing for 3 days as some relaxations in RBI's tight controls have been announced and investors believe the company's bad period is over. paytm share price went to the upper circuit level on the National Stock Exchange.
Paytm's share price has risen 16% in just three days. Investors have been comforted by the fact that the share price, which has fallen by 50% in almost a month, is starting to rise again. Recently paytm has shifted its nodal account from paytm Payments bank to Axis Bank. It has already been announced that the paytm UPI app will work as usual. paytm is paying extra attention to retain its existing customers and merchants. The recent media reports that the enforcement department has not found any foreign exchange violations in paytm Payments bank are a comfort to investors.
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