New Delhi, April 2 -- Extending their winning streak for the second straight day, shares of One 97 Communications, the parent company of Paytm, rose nearly 3% in intraday trade on Wednesday, April 02, to hit a 6-week high of Rs.822.70 apiece.

The company, one of India's leading payments and financial services distribution firms, has seen its shares rise steadily since March 11, gaining 25% in just 15 trading sessions (including today). This surge has brought the stock closer to its February high of Rs.823 apiece.

Meanwhile, today's jump in shares came after the company announced a partnership with the Greater Hyderabad Municipal Corporation (GHMC) to streamline property tax collection by deploying more than 400 Paytm All-In-One EDC devi...