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Paytm's stock hits 52-week high after big ownership move

Business

Paytm's parent company, One97 Communications, just hit a new 52-week stock high after taking full control of three of its subsidiaries.
Shares jumped to ₹1,353.10, all thanks to this strategic buyout that now makes Foster Payment Networks, Paytm Insuretech, and Paytm Financial Services fully part of the Paytm family.

Why this matters:

This move didn't just boost trading activity—it's also helped Paytm's stock more than double since its March 2024 low of ₹651.50.
With a market cap now at ₹86,505 crore and as a constituent of the Nifty Midcap 50 index, it looks like Paytm is bouncing back from past regulatory issues and winning back investor confidence.