One 97 Communications Shows Strong Performance Amid Declining Investor Participation in Fintech Sector

One 97 Communications Ltd, trading under the symbol PAYTM, has emerged as one of the most active equities today in the Financial Technology (Fintech) sector. The stock recorded a total traded volume of 3,033,415 shares, with a total traded value of approximately Rs 31.58 crore. Opening at Rs 1,022.00, PAYTM reached an intraday high of Rs 1,054.00, reflecting a gain of 3.57% during the trading session. The last traded price stood at Rs 1,043.10, positioning the stock just 2.19% away from its 52-week high of Rs 1,062.95.
In terms of performance, One 97 Communications has outperformed its sector by 2.5%, marking a notable achievement as it has gained for three consecutive days, accumulating a total return of 4.08% over this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting that investor participation has seen a decline, with delivery volume dropping by 15.34% compared to the 5-day average. The liquidity remains robust, allowing for trade sizes of approximately Rs 8.02 crore based on 2% of the 5-day average traded value. Overall, One 97 Communications continues to demonstrate solid performance metrics within the large-cap segment of the market.