One 97 Communications Ltd (Paytm's parent) shares rose 3.60 percent to a one-year high of Rs 990.90 in Friday trading. The stock was last trading 1.64 percent higher at Rs 972.20. At this pricing, it has gained 50.44 percent year-to-date (YTD), compared to a 13.04 percent advance in the benchmark BSE Sensex over the same period.

Today's share price increase occurred after it was reported that the domestic fintech player may sell a "stake in Japan's PayPay to SoftBank for $250 million." The BSE and NSE have sought clarification from Paytm over the same report.

"On December 6, 2024, the exchange sought clarification from One 97 Communications Ltd regarding reports referencing 'Paytm will sell stake in Japan's PayPay to SoftBank for $250 million.' "The response is awaited," the digital payments company wrote in a BSE report.

Paytm's stock had strong trading volume on the BSE today, with around 6.80 lakh shares changing hands at the time of writing this piece. The amount exceeded the two-week average volume of 6.65 lakh shares.

Turnover on the counter was Rs 65.68 crore, with a market capitalisation (m-cap) of Rs 62,105.01 crore. There were 11,30,258 buy orders and 1,72,931 sell orders.

"Paytm could face immediate resistance around Rs 1,000. "A decisive breach above the said resistance zone can trigger a further upside to Rs 1,400-1,500 levels," Kkunal V Parar, Vice-President of Technical Research and Algo at Choice Broking, added.

Paytm reported its first quarterly profit after IPO in September 2024. The fintech company's earnings in the second quarter (Q2 FY25) was Rs 928.3 crore, compared to a record loss of Rs 838.9 crore in the previous quarter. Paytm recorded a loss of Rs 290.5 crore in Q2 FY24.

The digital payment company made an unprecedented gain of Rs 1,345.4 crore on the sale of its ticketing business. Paytm sold the above firm to Zomato, an online food aggregator, in August of this year.