Paytm Share Price Target 2024: Stock Locked in Upper Circuit as ED Is Yet to Find Any Forex Breaches; Brokerages Give Mixed Signals

paytm share price target 2024: stock locked in upper circuit as ed is yet to find any forex breaches; brokerages give mixed signals

Paytm Share Price Target 2024: A probe by Enforcement Directorate into the potential foreign exchange violations at Paytm Payments Bank has not discovered any violations so far, according to sources quoted by Reuters. The investigation into international transactions made by Paytm Payments Bank, a division of One 97 Communications, widely recognized as Paytm, was announced last week by the ED.

Shares of One97 communications — owner of the brand Paytm — jumped 5 per cent in the morning trade on Monday after the crisis-hit fintech company’s decision to collaborate with Axis Bank for the continuation of merchant settlements. Extending its gains in the second consecutive session, the stock of the company climbed 5 per cent each to Rs 358.55 and Rs 358.35 apiece — also its upper circuit limit — on the BSE and NSE, respectively. In the morning trade, the 30-share BSE Sensex benchmark gained 185.81 points or 0.26 per cent to 72,612.45, while NSE Nifty rose 0.32 per cent to 22,110.60 points.

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