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One 97 Communications, which operates fintech platform Paytm, saw its shares rise 9% to hit an intraday high of Rs 1,244.05 on the BSE in an otherwise weak trading session. The price action was accompanied by strong volume, which rose 1.5 times on the BSE. The rally is believed to be due to a stimulus […]
India’s domestic mutual funds cut their stake in One97 Communications Ltd., the parent of payments aggregator Paytm, in the October-December quarter. This is the first time mutual funds have reduced their stake in the company since its stock market debut in November 2021, after steadily increasing their exposure over the past three years.As per the […]
