PAYTM share price surged 18 percent on Tuesday and the majority of those gains came during the last hour of trading. The buying was so strong that PAYTM turned into positive territory for 2024.

PAYTM share price has been very volatile in the recent days and the stock has been facing higher volatility based on the news on the counter.

Fintech and online payments major Paytm is refocusing its efforts on reviving its consumer payments division after a regulatory setback caused a significant decline in its user base.

In a market facing downward pressure, several stocks managed to touch their 52-week highs, defying broader trends.

PAYTM could be in for a small trouble as SEBI has issued show-cause notice to promoters of the company for alleged violations during IPO.

Zomato’s recent acquisition of Paytm’s ticketing business for ₹2,048 crore signals a strategic expansion into the "Going out" sector, complementing its impending launch of the “District” app.