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
Among the new additions, Laurus Labs saw its market-cap rise 92 per cent to ₹1.03 trillion from ₹53,546 crore as of March 30, 2026
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personnel of Paytm parent One 97 Communications over the timing of a December 2023 disclosure and its classification as unpublished price sensitive information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
Comes at a time when maintaining merchant relationships becomes a paramount priority
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.
Paytm shares surged 10% after Bernstein raised its target price to ₹2,200, citing potential UPI merchant discount rates that could lift the fintech's payments margins from FY28
Paytm Share: Bernstein's target price of ₹2,200 is the first brokerage target to exceed Paytm's IPO price. The target implies an upside of 52 per cent from the previous close of ₹1,441.
SAIF Partners, Elevation Capital and Peak XV Partners sold stakes in Paytm and Meesho, while institutional investors including NPS Trust and mutual funds emerged as buyers
The fintech firm said it is prioritising organic investments while remaining open to acquisitions at the right valuation as its cash balance rose to Rs 13,529 crore in Q1 FY27
Fintech firm One97 Communications, which owns the Paytm brand, plans to infuse Rs 100 crore in its wealth tech arm Paytm Money, the company said in a regulatory filing. Incorporated in 2017, Paytm Money is engaged in providing investment and wealth management services, including stock broking, mutual fund distribution, and other financial services. "Additional investment by the company, by way of subscription, to the equity shares of its wholly owned subsidiary, namely Paytm Money Limited (PML) by way of a rights issue for an amount up to Rs 100 crore, subject to the necessary approvals, as applicable," Paytm said in a late-night filing on Monday. The company expects to close the transaction by September 30. "PML is a wholly-owned subsidiary of the company. Issuance of up to 10 crore (Ten crore) additional equity shares of face value of Rs 10 each by PML, pursuant to the Rights Issue, will not result in a change in shareholding of the company in PML, which remains at 100 per cent,"
Paytm shares declined 3 per cent in intraday trade as investors assessed the company's strong Q1 show and the board's plan to not proceed with the bonus issue announcement.