India, Aug. 20 -- Shares of Paytm rallied as much as 0.9% to hit a fresh all-time high of INR 1,238.55 during the early trading hours today, reportedly on the back of Motilal Oswal increasing its stake in the company.

At 11:30 AM, the shares of Paytm were trading at INR 1233.40 apiece, with the company's market capitalisation at INR 78,666.99 Cr and 21.8 Lakh shares changing hands.

The all-time high price stands 145.1% above its 52-week low of INR 505.25 and 20.8% lower than its listing price of INR 1564.15 on the BSE on November 18, 2021.

As per Moneycontrol's report, Motilal Oswal Fund crossed the 5% shareholding mark in Paytm after purchasing an additional 26.31 lakh shares through open market in August 2024.

On the financial front...