Paytm rallies to 52-week high ahead of July 20 board meet on bonus issue, Q1 results
One 97 Communications' Paytm hit an intraday high of ₹1,395.90, near its 52-week peak of ₹1,407, ahead of a July 20 board meeting to consider a bonus share issue alongside Q1 results. Roughly 13.66 lakh shares worth ₹186.36 crore changed hands. The stock trades at a P/E of 158.46 with a 1-year return of 36.67%.
Paytm shares rallied ahead of a July 20 board meeting to consider a bonus share issue and Q1 results, hitting a 52-week high. Analysts flagged the bonus move as significant given strong expected numbers from digital payment platforms.
Why this matters
The rally builds on reports that One97 Communications will declare Q1FY27 results and weigh its maiden bonus issue on July 20, and follows Paytm's plan to open 50,000 retail outlets across India.
Retail-company signals are accelerating, up 820400% QoQ.