Shares of One97 Communications, which owns the Paytm brand, surged over 3% on Monday following the announcement of its stake sale in Softbank Group’s fintech firm PayPay Corporation.

Paytm, a major player in India’s fintech landscape, is trading at a high of Rs 910.00, nearing its 52-week high of Rs 952.00.

PAYTM share price closed with 2.8 percent decline after touching 52-week during the trading session.

PAYTM Stock touched 52-week high in today's session.

PAYTM share price was marginally down at the time of publication of this report while overall markets were trading bullish after BJP's win in Maharashtra elections.

Indian markets witnessed a strong rally on Friday. Markets were facing selling pressure for the last few trading sessions and Friday's rally has offered relief to investors.