Paytm shares hit fresh 52-week high, remain above ₹1,000 mark

Shares of Paytm parent One97 Communications hit a fresh 52-week high of ₹1,063 on BSE on Tuesday before paring some gains and ending at ₹1,014.75. Shares crossed the ₹1,000 mark on Monday after nearly three years. The rally comes after Paytm sold a 5.4% stake in Japan's PayPay for ₹2,364 crore, boosting its cash reserves.