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 on Tuesday announced the completion of transferring its events and movie ticketing business to Wasteland Entertainment and Orbgen Technologies. Additionally, Zomato has subscribed to the share capital of both these subsidiaries. Following the update, shares of Paytm rose 2.5% on BSE to the day’s high of Rs 559.65, while those of Zomato gained nearly … 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
Several widely tracked companies, including Jio Financial, Paytm, Bajaj Auto, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies and YES Bank, will be releasing their June quarter report cards this week. Here’s the list: July 15 Jio Financial Services, HDFC Life Insurance Company, … 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
Benchmark indices Sensex and Nifty rebounded on Tuesday, hitting their fresh record closing levels. In today’s trade, shares of Delta Corp, Paytm, Delhivery, Mankind Pharma, JSW Steel among others will be in focus due to various news developments and first quarter results. Delta CorpDelta Corp on Tuesday reported a 34% fall in its standalone net … Read more
Domestic markets began the week with modest gains, continuing the prevailing positive trend. In today’s trade, shares of Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma among others will be in focus due to various news developments. Paytm Goldman Sachs sold 44.20 lakh shares of One 97 Communications on Tuesday via block deal for Rs 183.44 … Read more
Equity indices climbed over 2% to settle at record high levels on Friday after the Reserve Bank of India (RBI) revised upwards the GDP growth projection. Stocks that were in focus include names like HDFC AMC, which rose 2%, Wipro, which gained 5%, and Paytm, whose shares rallied 10% on Friday. Here’s what Pravesh Gour, … 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
