Paytm shares hit 52-week high as RBI grants in-principle approval to operate wallet; stock up 49% YTD

Paytm's parent company, One 97 Communications, shares surged to hit their 52-week high during the trading session on Friday, November 13, after the online payment services provider’s wholly-owned subsidiary received an in-principle approval from the Reserve Bank of India (RBI) to operate its wallet business.

NSE data showed that Paytm shares surged 1.8% to hit its intraday and 52-week high of ₹1,960 apiece on Friday’s market, in comparison to ₹1,925 apiece at the previous equity market close.

This comes after the company’s subsidiary, Paytm Payments Services Limited (PPSL), applied to the RBI for a wallet license, as, after the approval, the company will be able to offer prepaid instruments to its customers, such as a wallet.

Back in April 2026, the Reserve Bank of India (RBI) cancelled the banking license of Paytm Payments Bank, citing regulatory and compliance issues in the company’s operations. The new application under the PPSL subsidiary aims to bring back the wallet service to its customers.

“Post grant of Final Authorisation/Certificate of Authorisation, PPSL can offer pre-paid instruments, such as wallet, to its customers,” Paytm said in its official exchange filing on November 13.

Paytm stock up 49%

One 97 Communications (Paytm) shares have delivered more than 49% returns to investors on a year-to-date (YTD) basis, and have risen 12.7% in the last one-month period. NSE data also showed that the stock has surged 7.7% returns in the last five market sessions.

On a longer-term basis, Paytm shares have gained 116% in the last three years and have delivered more than 47% returns in the past one-year period, according to the exchange data.

While the stock hit its 52-week high on Friday’s market, the 52-week low was at ₹930.60 apiece on March 30, 2026.

The company’s market capitalisation (m-cap) was at ₹1.24 lakh crore as of the trading session close on Friday, November 13, 2026.