Paytm block deal saw shares worth Rs 1,441 crore changing hands, as per media reports. The multibagger stock has given 104% returns over the last 12 months and significantly outperformed Nifty50 with nearly 8% returns during this period.
Internet stocks are recovering in 2023 after a weak investor response to their initial public offerings. This comes on the back of an improvement in their profitability in the recent quarters.