New Delhi: Today, the shares of fintech company Paytm and quick commerce company Zomato are trading with gains. Paytm shared its second quarter results on Tuesday. Along with this result, the company also got approval from NPCI for new UPI users. Due to this reason, the shares of Paytm are trading with gains.

Condition of Paytm shares

After the ban imposed by RBI in March this year, Paytm shares (Paytm Share Price) saw a huge decline. However, now Paytm shares have recovered from their decline. This morning, Paytm shares opened with a gain of 5 percent. At 11.50 am, it is trading at Rs 762.90 per share, up by Rs 76.45.

How were the second quarter results

Paytm's parent company One 97 Communications said that the company made a net profit of Rs 930 crore in the second quarter of the current financial year (Paytm Q2 Result). At the same time, the company said that it has struck a deal with Zomato for its entertainment ticketing business. The company has sold its entertainment ticketing business to Zomato. After this deal, the company has made an extraordinary profit of Rs 1,345.4 crore.

New UPI users can join

National Payments Corporation of India (NPCI) has given relief to Paytm. Actually, NPCI has approved Paytm that it can now add new UPI users. Paytm said that it has received this approval after following all the guidelines.

Zomato shares rise

Today, along with Paytm, Zomato's stock has also seen a rise. At the time of writing the news, Zomato's stock (Zomato Share Price) was trading at Rs 260.60 per share with a gain of 1.66 percent. Zomato has also released its second quarter results (Zomato Q2 Result). After this result, the company's stock has risen.

Zomato said that in the second quarter, their net profit has increased by 388 percent. At the same time, the company's revenue has increased by 68.50 percent.