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Paytm Shares Hit 52-Week High as Motilal Oswal MF Increases Stake
Paytm Shares Hit 52-Week High as Motilal Oswal MF Increases Stake
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BTCCSquare news:
Shares of One 97 Communications (Paytm) surged to a 52-week high following Motilal Oswal Mutual Fund's increased stake acquisition. Regulatory filings reveal the fund purchased 26,31,244 shares on August 11, 2024, raising its holding above 5%. The transaction, executed across 20+ schemes including Midcap Fund and Flexi Cap Fund, underscores growing institutional confidence.
The rally coincides with Paytm Payments Services securing RBI approval as an online payment aggregator. At 11:53 am IST, the stock peaked at ₹1,238.55 on BSE, building on its digital payment dominance in India's fintech landscape.
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