New Delhi, Sept. 16 -- Shares of One 97 Communications, the parent company of Paytm, surged over 7% on Wednesday, September 16, after the government announced the introduction of the first-ever Merchant Discount Rate (MDR) on certain UPI transactions above Rs.2,000. The move has put the spotlight on a potential new revenue stream for digital payments companies, with brokerages raising their expectations for Paytm.

Paytm shares climbed as much as 7.2% to Rs.1,856.50 per share, marking a fresh 52-week high. The stock has now soared 96% from its 52-week low of Rs.947.10, hit in March 2026.

The rally followed the National Payments Corporation of India's (NPCI) announcement on Tuesday that the government will introduce MDR on certain Person-...