India, Sept. 11 -- Fintech company stocks - Paytm, Pine Labs, Mobikwik and AvenuesAI - rallied today amid reports suggesting that the merchant discount rate (MDR) fees on UPI transactions could soon be notified.

Pine Labs' stock surged the most, jumping 16.9% to close the day at Rs.202.35 on the BSE. Mobikwik climbed just over 8% to close at Rs.209.80, while AvenuesAI jumped 6.1% to Rs.16.31.

Meanwhile, shares of Paytm ended today's trading session 3.9% higher at Rs.1,806.25. The stock jumped as much as 5.2% during intraday trade to touch a fresh all-time high of Rs.1,829.50.

The rally came after reports earlier in the day suggested that MDR fees on UPI payments are likely to be set at around 40 basis points (bps), or 0.4%, of the tran...