Blazing rally! Paytm hits 52-week high, nearly doubles from lows. What should investors do?

Paytm’s stock has hit a 52-week high, having gained 60% so far this year and up nearly 100% from the lows of last year. The fintech company reported strong operational performance in May, with 92 million average monthly transacting users compared to 74 million in the same period last year and GMV up from Rs 1.96tn in April-May 2022 to Rs 2.65tn in April-May 2023. Paytm also saw a significant rise in the number of subscribing merchants and a boost in loan disbursal from Rs 3,576 crore to Rs 9,618 crore in the same comparative periods.