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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 […]
Shares of Paytm (One 97 Communications) rose 4.3% to an intraday high of Rs 1,323.10 on the BSE on Thursday, November 6, gaining strength after the stock was added to MSCI’s India Standard Index as part of the November rejig.Global brokerage Citi maintained its buy rating on Paytm with a price target of Rs 1,500 […]
Fintech player Paytm Ltd on Tuesday reported a 98% decline in its consolidated net profit at just Rs 21 crore in the second quarter, compared to Rs 928 crore in the year-ago period. Before one-off charges for full impairment of Rs 190 crore loan to JV First Games Technology, PAT stood at Rs 211 crore.Operating […]
Ant Group Affiliate Antfin (the Netherlands) Holding BV will probably sell its full interest of 5.84% in one 97 communication via Block Deal on Tuesday, according to a report. The floor price is probably set at RS 1,020 per share. The Amsterdam-based company will offer more than 3.72 Crore shares and the Block Deal size […]
