Paytm Stock Rebounds 9% After Steep Losses - Recovery or Short-Lived Bounce? | Stock Market News

Paytm's stock surged over 9% on January 7, rebounding from a significant decline post RBI's restrictions on its payments bank unit. The company, led by Vijay Shekhar Sharma, faced a crisis as brokerages slashed ratings and target prices. Amid concerns of a possible probe by the Enforcement Directorate (ED), Paytm denied any wrongdoing.