Paytm shares at ₹1,925, close in on IPO listing-day high after 100% rally from March lows. What led a recovery?

Paytm shares rose 7.3% to ₹1,925, their highest close since listing in 2021, amid optimism that merchant discount rate charges could lift margins. The company reported September-quarter profit of ₹226 crore, while mutual fund ownership reached a record 21.17%.

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