The PE multiple for EIL is 13.74, while the PE multiple for the sector is 25.3. The stock generated gains of more than 45 per cent in just six months.

With the majority stake held by the government, these companies are comparatively less volatile and stable in market actions.

The shares surged 10 per cent on the day.

RBI discussion paper, issued earlier in August, expressed that the charges in UPI need to be levied in the same way as IMPS for fund transfer. This raised questions about the possibility of RBI charging fees for UPI payments, which has created a buzz among the general public.