Paytm’s lending business continued its growth, with the company disbursing 43 Lakh loans in July, a rise of 7.5% and 0.6% on a month-on-month basis
Shares of the fintech giant ended Friday’s session 3.6% higher at INR 795.45 on the BSE
Other new-age tech stocks also rose on Friday, a day after Zomato reported its first-ever positive quarter. Shares of Delhivery zoomed 5.8%, while PB Fintech rose over 7%
After a few sessions of steep decline, shares of Paytm rose over 4% to INR 799.4 during the intraday trading on the BSE on Friday (August 4). The jump in share price came a day after the fintech major released its monthly operational update for July.
Paytm on Thursday said its lending business continued to grow in July, disbursing 43 Lakh loans worth INR 5,194 Cr ($632 Mn), which was a rise of 7.5% and 0.6% on a month-on-month (MoM) basis, respectively.