Paytm Shares Surge by 5%: A Glimmer of Hope Amid Crisis

Paytm shares

February 19, 2023

New Delhi, India

Paytm Shares Surge 5% Today

In a surprising turn of events, Paytm’s shares have surged by 5%, hitting the upper circuit for the second straight session. This comes amid the crisis-hit company’s recent partnership with Axis Bank for the settlement of merchant payments.

The Surge

In the previous session, Paytm shares ended at a 5% upper circuit at ₹341.30 on the National Stock Exchange (NSE). The shares continued their upward trajectory, marking a positive shift in investor sentiment.

The Axis Bank Partnership

One97 Communications, the parent company of Paytm, has shifted its nodal account to Axis Bank through an escrow account. This strategic move is seen as a significant factor contributing to the surge in Paytm’s share price.

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The RBI Extension

Adding to the positive news, the Reserve Bank of India (RBI) extended the deadline for Paytm Payments Bank account holders to move their assets till March 15. This extension has provided some respite to the crisis-stricken company.

A Word of Caution

Despite the recent surge, it’s important to note that the stock has tanked 55% in one month. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.


The recent surge in Paytm’s shares offers a glimmer of hope for the crisis-hit company. However, the road to recovery can be long, and it remains to be seen how the company navigates through these challenging times.

As of writing this article Paytm shares were trading at 358.35 up +17.05+5.00%.

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