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A day ahead of its listing, shares of Paytm on Wednesday exchanged hands at a discount of Rs 20-25 in the unofficial market, compared with its issue price band of Rs 2,080-2,150.

The blue-chip CSI300 index rose 0.1% to 4,885.75, while the Shanghai Composite Index gained 0.4% to 3,537.37 points.

A total of 70,586 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high of Rs 3533.3 and a 52-week low of Rs 1982.45.

“Banks which are quicker, faster, agile and have better technology, can partner faster and with a large number of fintechs, definitely will be able to serve their customer base much better compared to banks which are relying on their own solutions. ”

The Relative Strength Index of the stock stood at 50.63 on Wednesday.

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 38061.87 Crore) operating in Auto Ancillaries sector.

A digital currency issued by the central bank would be different from other cryptocurrencies such as bitcoin, because this currency would give a person or business a direct claim on the central bank, the same as with physical cash.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 8.69 per cent and 3.38 per cent, respectively.

The majority of the brokerages are positive over the IPO of the Kolkata-based company and have suggested investors bid for the issue both for a listing pop and long-term gains.