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Paytm shares jump after big moves

Business

Paytm's parent company, One97 Communications, saw its shares climb over 3% on Monday to ₹1,364—marking four straight days of gains.
This boost came after Paytm announced, via a regulatory filing, the completion of acquisitions and a group restructuring.

What's behind the surge?

One97 just took full control of Foster Payment Networks, Paytm Insuretech, and Paytm Financial Services, plus added a few more companies under its wing.
The goal? Streamline how everything runs.
Investors seem to like the direction—Paytm's stock is now trading above all eight key moving averages, hinting that this positive streak might stick around for a while.