Paytm shares jumped 5% on the BSE in Thursday’s early trade, reaching a high of Rs 565, after the company received approval from the finance ministry to invest in its payment services business. After this approval, the payment services business, Paytm Payments Services Limited (PPSL), will resubmit the application for its payment aggregator license. “We … Read more
Paytm shares plunged 9% to the day’s low of Rs 505.25 on the BSE following reports that market regulator Sebi has issued show-cause notices to Vijay Shekhar Sharma, the company’s founder. The notices also target former board members from the period of its initial public offering (IPO) in November 2021, related to allegations of misrepresentation … Read more
Bengaluru: Equity analyst Bernstein has set a target price of Rs 600 per share for Paytm, with a projection that the business, in its current format, would achieve profitability by 2026-27. Equity analyst Bernstein has set a target price of Rs 600 per share for Paytm, with a projection that the business, in its current … Read more
Ace investor Akash Bhansali increased his holding in One 97 Communications in the June-ended quarter to 1.21% according to the shareholding data available on the BSE. Apart from One 97 Communications — the company which operates Paytm — Bhanshali publicly holds 19 other stocks with a net worth of over Rs 5,980.4 crore, Trendlyne data … Read more
While Nifty ended with modest weak-on-weak gains of 0.4%, the truncated trading week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals … Read more
Goldman Sachs Singapore Pte sold 44.20 lakh shares of One 97 Communications on Tuesday via block deal at a price of Rs 183.44 crore. The private equity firm sold Paytm shares at Rs 415.04 apiece, which was at a discount of 2.3% over Friday’s closing price of Rs 424.90. On Tuesday, Paytm shares ended at … Read more
Shares of One 97 Communications, which runs Paytm, on Wednesday rallied 5% to hit an upper circuit level at Rs 395.25 on BSE. In the last four days of a non-stop rally, the counter is up over 21% as the worst of the regulatory crisis is seen to be over by investors. “Given the still … Read more
Notwithstanding the spate of positive news flow that has taken Paytm shares 10% higher in two days, global brokerage Jefferies temporarily suspended the coverage on the fintech stock but stopped short of stopping coverage. Stating that the valuation could vary on the basis of merchant/user attrition to the tune of 10-30% and a hit to … Read more
Shares of troubled fintech One 97 Communications, which runs Paytm, fell another 2% on Friday to hit a fresh record low of Rs 318.05 on NSE. So far in the week, the stock has lost about 24% of its market value. Ever since the RBI diktat banning Paytm Payments Bank from February 29 was issued, … Read more
Shares of the crisis-ridden One 97 Communications, which runs Paytm, was back on the losing road on Thursday as the two-day ‘buy the dip’ rally fizzled out, taking the stock back to 10% lower circuit limit at Rs 447 on BSE. Fresh comments from RBI officials that the action against Paytm was taken after persistent … Read more
