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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 […]
Financial services technology platform Paytm on Thursday reported a consolidated net profit of Rs 225 crore in the third quarter. This compares to a loss of Rs 208 crore in the year-ago period. On a sequential basis, profits rose 971% from Rs 21 crore in the previous September quarter.Revenue from operations in the period under […]
After a weekly decline of 15% and three months of consolidation, One 97 Communications is positioning itself for the next leg of a rally that could take the stock to Rs 1,550, implying a potential upside of 23%, Investec said as it initiated coverage with a ‘Buy’ rating. The broker’s optimistic view of the Paytm […]
January 23, 2026 Image source: Rasi Bhadramani/www.istockphoto.com Indian stock markets traded lower during the afternoon session today with both Sensex and Nifty entering negative territory. Investor sentiment remained cautious as both global developments and domestic news kept the market under pressure. At the time of writing, the BSE Sensex was trading 697 points lower at […]
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 […]
The growth of QR code-led digital payments is fueling unsecured trade lending by non-bank lenders, bringing hundreds of small businesses into the fold of formal credit at a time when mainstream banks are quite cautious about expanding loan books without collateral.Non-banking finance companies (NBFC) such as Aditya Birla Finance (ABFL), L&T Finance, Poonawala Fincorp and […]
One 97 Communications Limited, which operates Paytm, rose 2.46 per cent to ₹1,353.10 on Monday, hitting a fresh 52-week high of ₹1,364.80 during intraday trading. The stock has gained significant momentum since its March low of ₹651.50, more than doubling in value in the last nine months. The rally came after the company informed stock […]
Equities look set to soar to record highs as early indicators point to robust demand in the third quarter and improving macro conditions, Amnish Aggarwal, head of research at Prabhudas Lilladher, said in an exclusive conversation with ET Now.Aggarwal believes that the market’s prolonged consolidation phase is coming to an end and that the overall […]
Fintech firm One97 Communications said its subsidiary, Paytm Payments Services Limited, has received the RBI permit after a long wait to operate as a payment aggregator. The Reserve Bank of India in August granted in-principle approval to Paytm Payments Services Limited to operate as an online payment aggregator. “…Reserve Bank of India has granted a […]
Bitcoin recovered 4% from its recent low of $89,300 as renewed buying and expectations of a local bottom improved sentiment. Whale portfolios holding more than 1,000 BTC rose to a four-month high of 1,384. The cryptocurrency was trading at $91,775.Bitcoin gained 1.68% in the past 24 hours, while Ethereum rose more than 2%. Major altcoins […]
