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 sector. The company recorded a total traded volume of 1,281,129 shares, with a total traded value of approximately Rs 15,759.81 lakhs. The stock opened at Rs 1,223.0 and reached a new 52-week high of Rs 1,238.0 during the trading session, before settling at a last traded price of Rs 1,230.5.
In terms of performance, One 97 Communications has outperformed its sector by 1.07% today, marking a consecutive gain over the last three days with a total return of 7.09% during 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's worth noting that investor participation has seen a decline, with delivery volume on August 19 falling by 30.51% compared to the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 20.91 crore, based on 2% of the 5-day average traded value. Overall, One 97 Communications continues to show robust performance metrics within the fintech industry.