The key concern for the investors in mega issues, according to G Chokkalingam, founder and head of research at Equinomics Research, is how the issue is priced.
Stocks to buy today: Chandan Taparia of Motilal Oswal flags formation of a 'bullish' candle, and respect of the 50-DEMA support as the key positive factors for Paytm stock on technical charts.
Fintech stocks react to MDR news: Paytm, Pine Labs and One MobiKwik Systems decline up to 13% during the week, recover on Friday. Here's why the tech analyst remains bullish on Paytm and Pine Labs.
Jefferies said that MDR on UPI comes ahead of estimates and is "higher than expectations" of 25bps, while Emkay Global believes that this development lifts the revenue pool for the industry.
Paytm shares rallied 7 per cent to a fresh 52-week high of ₹1,856.50 on the BSE. Mobikwik stock rose by 6 per cent to ₹214. However, Pine Labs slumped 6 per cent to ₹182 per share.
The technical outlook remains positive for Paytm, Azad Engineering, and Kotak Mahindra Bank, with all three stocks showing bullish chart structures and potential for further upside.
Paytm parent One97 Communications hit a post-listing record high of ₹1,807.5, while Granules India promoter Krishna Prasad Chigurupati offloaded a 6.95% stake for ₹1,501 crore in block deals
Jefferies raises Paytm's earnings estimates for FY28-29 by 20-25 per cent to factor in 25bps MDR on UPI and raises the price target to ₹2,100 (from ₹1,600).
Analyst said that today's buoyancy in Paytm stock was seen as the company expands to a new business, jumping on the agentic AI bandwagon to accelerate a rebound in revenue growth.
The company will start selling AI agents to enterprise customers, betting on rising demand for such bots that can automatically handle a variety of workloads and tasks with minimal supervision
Bernstein has, however, held on to some of the stocks in its earlier focus list - Larsen & Toubro (L&T), NTPC Axis Bank, HDFC Bank, Nuvama and HomeFirst.
Paytm opened at ₹1,580.20 and initially traded around 1.2 per cent higher before reversing gains. The stock later slipped as much as 1.4 per cent during the session to an intraday low of ₹1,557.
Stocks to watch today: Paytm, Jio Financial Services, SpiceJet, Swiggy, Netweb, Lenskart Technologies, Greaves Cotton, Airtel, Tata Power, among others, will be in focus today.
Proceeds from the proposed stake sale will go to Antfin under a 2023 agreement; Paytm said it is not a party to the transaction and Sharma's direct holding is unchanged
Netherlands-based Resilient Asset Management, fully owned by Paytm founder Vijay Shekhar Sharma, will sell up to 4.98% of the fintech firm's stake via a block trade.
Sebi has questioned key managerial personnel of Paytm parent One 97 Communications over the timing of a December 2023 disclosure and its classification as unpublished price sensitive information
The company, in a statement on December 6, 2023, said it would issue fewer sub-₹50,000 (about $525) personal loans, after the Reserve Bank of India tightened rules on consumer lending
Paytm stock surged 71% thus far in FY27, and a whopping 429% from its all-time low of ₹310 in May 2024. Tech analyst at YES Securities reckons that the stock can possibly test the IPO price from here.
