Paytm Shares Jump 10% Intraday On Heavy Trading Volumes

Paytm Shares Jump 10% Intraday On Heavy Trading Volumes

SUMMARY

Shares of Paytm jumped almost 10% during the intraday trading today to INR 687.3 apiece on the BSE

The rally came after the GST Council failed to reach a decision on imposing a 18% GST on payment aggregators on UPI transactions under INR 2,000

This comes at a time when Paytm is looking to reapply for a PA licence after getting the Centre’s nod to invest INR 50 Cr in its payments arm

Shares of Paytm jumped almost 10% during the intraday trading today (September 10) to INR 687.3 apiece on the BSE amid strong trading volumes and ambiguity around the introduction of GST on small digital payments.

However, the stock shed some of the gains and was trading 4.6% higher at INR 657 apiece on the BSE at 1:39 PM.

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