GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Paytm’s parent company One 97 Communications climbed 3.6% to Rs 713.50 on the BSE in Tuesday's trading session after the company announced that its wholly owned subsidiary, Paytm Money, has received SEBI approval as a registered Research Analyst. In an official disclosure, Paytm stated that SEBI has granted a Certificate of Registration to Paytm Money as a Research Analyst under the SEBI (Research Analysts) Regulations, 2014, which enables the company to provide SEBI-compliant investment research, data-driven analysis, and expert insights for both retail and institutional investors. “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Paytm Money Limited, a wholly owned subsidiary of One 97 Communications Limited, has been granted a Certificate of Registration as a Research Analyst by the Securities and Exchange Board of India (SEBI) under the ...

[hfe_template id='11223'] [ad_1] Shares of the fintech platform Paytm (One 97 Communications) will be in focus on Tuesday after it partnered with SBI Mutual Fund to launch the JanNivesh Rs 250 SIP. “In partnership with SBI Mutual Fund, Paytm has launched the JanNivesh ₹250 SIP, in line with the Government of India’s vision for a Viksit Bharat by enabling financial inclusion and empowering citizens to invest in their future,” the company said in its press release on Monday. The JanNivesh SIP initiative empowers citizens to play a role in India's financial and economic growth. It offers a straightforward and affordable way for individuals to build wealth through small, regular investments, starting at just Rs 250. The initiative also provides flexible SIP options, allowing daily, monthly, or weekly contributions to cater to diverse financial needs and preferences. This initiative is crucial for promoting financial literacy, fostering economic inclusion, and supporting ...

[hfe_template id='11223'] [ad_1] Shares of One97 Communications-operated Paytm tumbled 1.69% to an intraday low of Rs 767 on the BSE on Tuesday, January 28, after the company announced that the CEO and Managing Director (MD) of Paytm Payments Services (PPSL), Paytm’s wholly owned subsidiary, had resigned from his post. “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that Paytm Payments Services Limited (“PPSL”) our wholly owned material subsidiary company has informed us on January 27, 2025 at 10.50 p.m. (IST) that Mr. Nakul Jain, Managing Director and Chief Executive Officer (CEO) of PPSL, has resigned from his position w.e.f. close of business hours on March 31, 2025 or an earlier mutually agreed date,” Paytm said in its exchange filing. The exchange filing explained that Jain has decided to pursue an entrepreneurial journey, which led to his decision. Followi...

[hfe_template id='11223'] [ad_1] One 97 Communications, which operates Paytm will announce its December quarter earnings on Monday, where the company is expected to report its revenue in the range of Rs 1,842 crore and Rs 1,826, witnessing a likely decline of 35-36% according to estimates by a couple of brokerages. The Paytm shares ended flat on Friday at Rs 895.60 on the NSE. Yes Securities pegs the topline at Rs 1,842 crore which could fall by 35% on an year-on-year basis while going up by 11% on a quarter-on-quarter basis. The profit after tax (PAT) is seen to fall by a whopping 1,000% on a YoY basis while rising by 113% on a sequential basis to Rs 197 crore. Paytm's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) is seen to be at a loss of Rs 100 crore, this brokerage said. "We assume 10% QoQ growth in payments services revenue and 25% QoQ growth in financial services and others and arrive at an overall growth in revenue from operatio...

[hfe_template id='11223'] [ad_1] Shares of One 97 Communications-owned Paytm jumped 5% to an intraday high of Rs 722.50 on the BSE after the National Payments Corporation of India (NPCI) granted the company approval to onboard new UPI users, subject to adherence to all procedural guidelines and circulars. "We would like to inform you that vide letter dated October 22, 2024, the National Payments Corporation of India (NPCI) has granted approval to the company to onboard new UPI users, with adherence to all NPCI procedural guidelines and circulars," the company stated in a stock exchange filing. This comes after the Reserve Bank of India on January 31 this year directed Paytm Payments Bank to stop deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc after February 29, 2024, other than any interest, cashback, or refunds that may be credited anytime. This approval, communicated via a letter dated...

[hfe_template id='11223'] [ad_1] Brokerage firms like Bernstein have an outperform rating on Paytm, while JPMorgan has an overweight rating on Bajaj Finance. Meanwhile, Nuvama has a buy rating, and Macquarie has an underperform rating on Zomato, respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Bernstein on Paytm: Outperform | Target price: Rs 600 Bernstein has maintained an ‘outperform’ rating for Paytm with a target price of Rs 600. The first regulatory catalyst has arrived, allowing new users to be onboarded, which could mark a bottom in Monthly Transacting Users (MTUs) that had been steadily declining due to previous restrictions. This positive development comes after a series of negative actions over the past 3-4 quarters, offering welcome relief and increasing the likelihood of other favorable regulatory outcomes. JPMorgan on Bajaj Finance: Overweight | Target price: Rs 7,300 JPMorgan has maintained an ‘...

[hfe_template id='11223'] [ad_1] 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 would like to inform you that PPSL has received approval from the Government of India, Ministry of Finance, Department of Financial Services, vide its letter dated August 27, 2024, for downstream investment from the Company into PPSL. With this approval in place, PPSL will proceed to resubmit its PA application. In the meantime, PPSL will continue to provide online payment aggregation services to existing partners,” said the company in a filing to the exchanges. One 97 Communications, which operates Paytm, has been under the scrutiny of India's banking regulator and financial crime...

[hfe_template id='11223'] [ad_1] Shares of fintech major One 97 Communications, which operates Paytm, surged approximately 5.5% to a day’s high of Rs 604.45 on the BSE on Thursday. This increase followed brokerages raising their target prices after the company sold its entertainment business to Zomato. Global brokerage CLSA has maintained a "Hold" rating on Paytm but increased its target price from Rs 480 to Rs 530. Similarly, Citi has raised its target price from Rs 410 to Rs 440, while maintaining a "Sell" rating. CLSA has increased its FY26-27 adjusted PAT estimates by 12% for FY27 due to the interest income from this deal. Citi also views the sale of the ticketing and events business as a positive move and noted that the next potential trigger for Paytm would be government approval for FDI in payment aggregators. "In our view, the deal would shore up Paytm’s cash and cash equivalents, which would possibly be used to scale up the rewards/cash-...

[hfe_template id='11223'] [ad_1] 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 said. Shareholding of individual investors who have 1% or higher stake in a stock is reflected in the public shareholding of a company. Retail investors’ shareholdings jumped by 1.30% from 15.32% in the March-ended quarter to 16.56% in the April-June quarter in Paytm. Shareholding of domestic mutual funds also grew by 0.65% to 6.80% in Q1 FY 2025 versus 6.15 recorded in Q4FY24. MFs Nippon Mutual Funds and Mirae Mutual Funds, which held 1.66% and 3.76%, respectively, in the March quarter raised their stakes to 1.76% and 3.92%, respectively. However, not everybody was a buyer as foreign direct investments (FDIs...