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] 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...