Prospects look better due to visibility on business turnaround and profitability. As and when, the Payment aggregator license is received from RBI, that could be a valuation catalyst
Technical charts show that Paytm is seeking support around its key moving averages on the daily and weekly scale; while Zomato is on the verge of a negative breakout on the weekly scale.
Paytm's revenue rose 10.1% sequentially, due to an increase in GMV, a healthy growth in subscription revenues and an increase in revenues from distribution of financial services
The loss follows a profitable September quarter, when the company reported a profit of Rs 928.3 crore, driven by the sale of its movie and ticketing business to Zomato
Fintech firm One97 Communications, which owns the Paytm brand, will primarily focus on financial services for the merchant ecosystem as part of its international expansion, a top company official said on Monday. Paytm is looking for a foray into international markets and has set up three overseas step-down subsidiaries of Paytm Cloud Technologies in the United Arab Emirates, Saudi Arabia and Singapore. "The intent here is to first go to the merchant side. Merchant side business model is a very long-term business model. Every economy and geography that I am meeting with senior executives either in the central bank or government love it because SME credit is missing everywhere. If you can solve for payment and solve for future-forward receivables that business model is a template in our opinion. Our primary plan will be that," Paytm founder and CEO Vijay Shekhar said during the company's earnings call for the December quarter of FY25. Paytm for the quarter reported a narrowing of ...
Stock Market Highlights, January 20, 2025: Indian markets closed on a positive note on Monday with the 30-share Sensex gaining 454 points or 0.59 per cent to settle at 77,378.91
Around 10:42 AM, Paytm share price was down 0.42 per cent at Rs 895.85 per share on BSE. In comparison, the BSE Sensex was up 0.35 per cent at 76,891.28
Paytm Q3FY25 results: One97 Communications had reported a loss of Rs 209 crore during the same period last year
Q3 FY25 company results January 20: Zomato, Paytm, IDBI Bank, L&T Finance, Dr Reddy's, and YES Bank will be releasing their Oct-Dec quarter report today
Stocks to watch on January 20, 2025: Wipro's Q3 net profit increased to Rs 3,354 crore from Rs 3,209 crore Q-o-Q, while revenue was Rs 22,319 crore, slightly above estimates
Matter pertains to benefits paid to Vijay Shekhar Sharma and lapse in identifying promoter
The apex payments body recorded 16.73 billion transactions in December 2024. UPI registered over 172 billion transactions in 2024 alone
Paytm's revenue is expected to decrease by 34 per cent Y-o-Y, analysts and investors will eye traction on new business verticals
The northward movement in the Paytm share price came after domestic brokerage Emkay upgraded the stock to 'Buy' from 'Add'. It also raised the target price to Rs 1,050, from 750 earlier
Retail investors most bullish in last 7 months, with long-short ratio in index futures at 5:2. On the other hand, FIIs hold 5 bearish bets in index futures for ever long trade; shows NSE F&O data.
Paytm share price: From its 52-week high level of Rs 1,063, which it hit on December 17, 2024, Paytm share price has crashed 20.6 per cent
This is the first time in many months that a firm outside the top three has achieved this
It is also projected to achieve breakeven at the net profit level in Q4FY26, brokerage firm Mirae Asset Capital Markets said in a note
Paytm share: The fall in Paytm share came after the National Payments Corporation of India (NPCI) extended the deadline to implement transaction volume cap on Unified Payments Interface (UPI) apps
Service 'democratises' stock market participation for retail investors, says company