New Delhi: Shares of One97 Communications Ltd, the parent company of Paytm, soared over 8 per cent on Monday, adding Rs 2,279.88 crore to its market capitalization after Vijay Shekhar Sharma said his ambition is to build a 100 billion dollar company.
The stock rose 8.12 per cent to settle at Rs 472.05 on the BSE. During the day, it rose 9.87 percent to Rs 479.70.
On the NSE, it rose 8.33 per cent to Rs 472.95.
The market valuation of the company increased by Rs 2,279.88 crore to Rs 30,022.04 crore on the BSE.
Paytm founder Vijay Shekhar Sharma on Saturday spoke about what he learned from the RBI's action on Paytm Payments Bank and admitted that it was an emotional setback on a personal level, while on a professional level it was a lesson learned on how to better comply with the responsibilities.
Without mincing words, Sharma said: "On a professional level, I would say we should have done better, there are no secrets about it, we had responsibilities and we should have done much better."
Speaking at the seventh JIIF Foundation Day, Sharma was asked about the Reserve Bank of India's (RBI) action on Paytm Payments Bank and how it affected him as a founder who had painstakingly built his company.
Sharma said that individually it was an emotional setback, and that professionally "we obviously learned a lesson and are much better..."
On Saturday, Sharma addressed questions about his dreams and ambitions, and his ups and downs.
Sharma said his ambition is to build a $100 billion company and added that he wants the Paytm brand to be recognized globally, like an Indian company.
When asked how he felt after the erosion in One97 Communications' share price following its IPO, Sharma said his focus was and always is on the fundamentals and business dynamics of the company.
The stock rose 8.12 per cent to settle at Rs 472.05 on the BSE. During the day, it rose 9.87 percent to Rs 479.70.
On the NSE, it rose 8.33 per cent to Rs 472.95.
The market valuation of the company increased by Rs 2,279.88 crore to Rs 30,022.04 crore on the BSE.
Paytm founder Vijay Shekhar Sharma on Saturday spoke about what he learned from the RBI's action on Paytm Payments Bank and admitted that it was an emotional setback on a personal level, while on a professional level it was a lesson learned on how to better comply with the responsibilities.
Without mincing words, Sharma said: "On a professional level, I would say we should have done better, there are no secrets about it, we had responsibilities and we should have done much better."
Speaking at the seventh JIIF Foundation Day, Sharma was asked about the Reserve Bank of India's (RBI) action on Paytm Payments Bank and how it affected him as a founder who had painstakingly built his company.
Sharma said that individually it was an emotional setback, and that professionally "we obviously learned a lesson and are much better..."
On Saturday, Sharma addressed questions about his dreams and ambitions, and his ups and downs.
Sharma said his ambition is to build a $100 billion company and added that he wants the Paytm brand to be recognized globally, like an Indian company.
When asked how he felt after the erosion in One97 Communications' share price following its IPO, Sharma said his focus was and always is on the fundamentals and business dynamics of the company.
