Shares of One97 Communications Ltd, the parent of Paytm, rose 3.1 percent to ₹1,014.30 on the NSE, making it the top gainer on the Nifty Midcap 100 index. The rally comes ahead of the company’s Q2 FY26 earnings announcement, fueled by strong trading volumes and positive sentiment around its recent strategic moves.
Key Highlights:
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Over 23.3 lakh shares worth ₹234.6 crore changed hands during the session, reflecting robust investor interest.
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The stock crossed the ₹1,000 mark for the first time in 52 weeks, supported by bullish technical indicators including RSI nearing 70 and MACD remaining positive.
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Foreign institutional investors (FIIs) hold a 54.9 percent stake in Paytm, while mutual funds own 13.9 percent, indicating strong institutional backing.
Strategic Context:
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The surge follows Paytm’s Singapore unit approving the sale of its stake in Japan’s PayPay for ₹2,364 crore, expected to strengthen its consolidated financial position.
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Analysts anticipate improved profitability in the coming quarters, driven by growth in credit distribution, merchant subscriptions, and monetization of tech assets.
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Global brokerage Jefferies has initiated coverage with a buy rating and a target price of ₹1,300, citing strong fundamentals and scalable fintech operations.
Market Outlook:
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Paytm’s stock has gained over 120 percent in the past year, with current market capitalization at ₹64,193 crore.
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The upcoming results are expected to reflect operational resilience and margin expansion, reinforcing investor confidence.
Sources: Economic Times, Zee Business, Moneycontrol, News18, India Today (July 2025)