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] Shares of Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after the leading exchange, BSE, revised the circuit limits. Other major names include LIC, Adani Total, Angel One, DMart, Cyient, PB Fintech, Union Bank of India, IRB Infrastructure, Oil India, Indian Bank, and JSW Energy. The price band limits have been adjusted to 10% for 46 stocks, including prominent names like Zomato, YES Bank, Varun Beverages, Tata Elxsi, Paytm, Oil India, Nykaa, and NCC. Additionally, four stocks will now have a 5% circuit limit, while five others will see their limits revised to 2%. So far, BSE has had a daily price band mechanism — a maximum permissible limit within which the share price can move in a day. Listed securities are assigned a daily price band of either 20%, 10%, 5%, or 2%, based on pre-decided joint criteria. Also Read: Adani stocks in focus as banks review group exposure The new long-duration price band framew...

[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] Paytm on Tuesday announced the completion of transferring its events and movie ticketing business to Wasteland Entertainment and Orbgen Technologies. Additionally, Zomato has subscribed to the share capital of both these subsidiaries. Following the update, shares of Paytm rose 2.5% on BSE to the day’s high of Rs 559.65, while those of Zomato gained nearly 1% to Rs 257.80. “We wish to inform you that as part of this transaction, the transfer of the events and movies ticketing business to Wasteland Entertainment Private Limited (WEPL) and Orbgen Technologies Private Limited (OTPL), respectively, along with subscription by Zomato Limited in the share capital of both subsidiaries, has been completed today, i.e., August 27, 2024. Simultaneously, the 100% shareholding of the Company in WEPL and OTPL has been transferred to Zomato Limited, resulting in both entities ceasing to be subsidiaries of the Company,” said Paytm in a filing to the exchan...

[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] Zomato's shares surged 3% following its acquisition of Paytm's ticketing business, marking a strategic expansion into the event and travel booking sectors. This move has sparked optimism among analysts, with brokerages setting target prices as high as Rs 335 for the stock. On Wednesday, the company's board of directors approved a share purchase and subscription agreement with One 97 Communications (Paytm operator), Wasteland Entertainment Private Limited (WEPL), and Orbgen Technologies Private Limited (OTPL) to acquire their entertainment ticketing business. Under the agreement, One 97 Communications will transfer its movie ticketing business to Orbgen Technologies Private Limited (OTPL) and its sports and events ticketing business to Wasteland Entertainment Private Limited (WEPL) through a slump sale. Zomato will acquire the entire stake owned by OCL in OTPL and WEPL through a share purchase transaction, making OTPL and WEPL ...

[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...

[hfe_template id='11223'] [ad_1] Benchmark indices Sensex and Nifty rebounded on Tuesday, hitting their fresh record closing levels. In today's trade, shares of Delta Corp, Paytm, Delhivery, Mankind Pharma, JSW Steel among others will be in focus due to various news developments and first quarter results. Delta Corp Delta Corp on Tuesday reported a 34% fall in its standalone net profit to Rs 40.48 crore for the first quarter ended June 2024. The same stood at Rs 61.43 crore in the last year period. Paytm The labour ministry has issued a notice to the management of One97 Communications, the parent firm of Paytm, for alleged forced termination of employees. Bandhan Bank Members of the Bandhan Employees’ Welfare Trust have escalated their agitation against Bandhan founder Chandra Shekhar Ghosh and the Trust’s management, seeking legal help to fight for their rights allegedly violated. JSW Steel Private steel maker JSW Steel Ltd on Tuesday announced its consolidated crud...