Shares of Paytm s parent company, One 97 Communications, surged 5% due to the resolution of the regulatory crisis. Analysts expect recovery and growth despite the challenges faced by Paytm Payments Bank. RBI extended the ban by 15 days, but services will not be disrupted.
Bernstein expects Paytm to successfully execute the operational changes required to remove the dependency on Paytm Payments Bank with limited long-term impact to the fintech firm s overall business
Paytm s QR code and soundbox facility will continue to work even after the RBI deadline as the company faces crisis after the central bank s restrictions.
Paytm's stock surged to hit the 5 per cent upper circuit limit in early trade, maintaining its upward trajectory on Dalal Street. With this, Paytm shares have rebounded 16 per cent in the past just three trading sessions.