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] Zomato shares will remain in focus on Tuesday after CEO Deepinder Goyal unveiled Nugget, an artificial intelligence (AI)-backed customer support platform, which powers its food delivery business, quick commerce vertical Blinkit and Hyperpure. "Nugget helps businesses scale support effortlessly—highly customizable, low-cost, no dev team needed. No rigid workflows, just seamless automation," Goyal said in a post on X. 🚀 Introducing Nugget—an AI-native, no-code customer support platform. Nugget helps businesses scale support effortlessly—highly customizable, low-cost, no dev team needed. No rigid workflows, just seamless automation. ✅ Resolves up to 80% of queries autonomously ✅ Learns &… pic.twitter.com/pnVrUEhmcd — Deepinder Goyal (@deepigoyal) February 17, 2025 The company developed Nugget as an internal tool over the past three years, and it now supports over 15 million interactions per month on its platforms. "We’re...

[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] We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Synopsis Brokerage firms remain optimistic about Dalmia Bharat, KEI Industries, and Paytm despite sectoral challenges. Jefferies targets 17% upside for Dalmia Bharat, UBS sees 42% upside for KEI, and CITI expects 17% upside for Paytm, focusing on growth and market potential. Leading brokerage firms have shared their latest views on Dalmia Bharat Ltd, KEI Industries Ltd, and Paytm, maintaining a positive outlook on these companies despite sectoral challenges and recent market dynamics.While Jefferies and UBS highlight opportunities in the cement and industrial cable sectors, respectively, CITI underscores Paytm's strategic pivot towards growth and monetization.We have collated a list of recommendations from top ETMarkets.com Jan 22, 2025, 09:39:00 AM IST Gift A Story Share member-only stories with your friends or family and help them read ...

[hfe_template id='11223'] [ad_1] Following the third quarter results of One97 Communications-held Paytm, global brokerage firm Macquarie has maintained its ‘Underperform’ rating on the stock with a target price of Rs 730. This signals a downside potential of nearly 19% from the stock’s closing price on Monday. The brokerage firm noted that the company delivered strong results across all fronts, with losses declining more than expected. This positive performance was driven by higher revenue and lower employee stock ownership plan (ESOP) costs. Macquarie also highlighted a strong increase in the company’s gross merchandise value (GMV) and continued improvement in operating leverage. The brokerage firm believes there is an upside risk to Paytm's distribution revenue given the potential for higher take rates, according to its note. For the third quarter ended December 2024, the fintech major reported that its consolidated loss narrowed to Rs 208.3 crore, compared to Rs 2...

[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] Indian benchmark indices ended their two-session gaining streak on Friday amid selling pressure in IT and bank stocks. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. Nifty closed at 23,203.20, down by 108.60 points, or 0.47%. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, highlighted Nifty's continued presence in the bearish zone. "Sentiment remains weak as the index declined after encountering resistance at a crucial moving average. This bearish sentiment may persist in the short term or as long as the index remains below 23,400," De said. Factors that are likely to impact movement when markets reopen this week: 1) Trump factor Donald Trump will take over as the 47th President of the United States, and global markets could remain volatile throughout the week. While the IMF has raised the glob...

[hfe_template id='11223'] [ad_1] Shares of One97 Communications, parent company of mobile payment application Paytm, climbed as much as 8% on Thursday to Rs 926.95 on the BSE. The rally in the stock price followed brokerage firm Emkay Global upgrading the stock to 'buy' from its earlier rating of 'add', at a target price of Rs 1,050, which implies a potential upside of over 13% from the stock’s current levels. The brokerage increased its target price on Paytm by 40% to Rs 1,050 from Rs 750 earlier. However, this revised target price remains well below Paytm's recent peak of Rs 1,062.95 reached on December 17 last year. Despite a recent decline of nearly 20% from those levels, Emkay sees the current valuation as attractive for investors. Emkay highlighted that regulatory concerns for the company have eased with recent NPCI approval, which is expected to support Paytm in rebuilding its Monthly Transacting Users (MTU) base over the next 12 to 18 months. ...

[hfe_template id='11223'] [ad_1] Markets traded within a narrow range on Friday and ended the day nearly unchanged despite an eventful session. In today's trade, shares of Ultratech, Paytm, L&T, Biocon, Alembic Pharma among others will be in focus due to various news developments. L&T Larsen and Toubro (L&T) has overturned a Rs 702 crore customs duty demand following a favourable ruling from the Central Excise & Service Tax Appellate Tribunal. EaseMyTrip EaseMyTrip signed a share purchase agreement to acquire 49% stake in Pflege for Rs 30 crore. Biocon Biocon received EIR With VAI Status From US FDA For Its API facility (Site 2), Bengaluru. Read more: Here's the trade setup for today's session Poonawalla Fincorp Dhiraj Saxena resigned as the Chief Technology Officer (CTO) due to harassment and unnecessary interventions of CHRO. Paytm Paytm Singapore will sell its stock acquisition rights (SARs) in Japanese payments firm PayPay for net proceeds...

[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] The Indian market is likely to edge higher on Monday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.97% at 24,215 levels on Friday. On the options front, the maximum Call OI is placed at 25,000, followed by the 24,500 strikes, while the maximum Put OI is at 23,500 and then at 24,000 strikes. Call writing is observed at the 24,300 and 24,200 strikes, while Put writing is seen at the 23,800 and 23,900 strikes. “Options data suggests a broader trading range between the 23,800 and 24,500 zones, with an immediate range between the 24,000 and 24,400 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. “Nifty formed a bearish candle on the daily chart on Friday and has been making lower highs for the last four sessions. It formed a bearish candle and experienced a breakdown on a weekly basis,” he added.“Now, as long as Nifty holds below the 24,250 zones, weakne...

[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] Beating LIC's mammoth IPO worth Rs 20,557 crore in May 2022, Korean car manufacturer Hyundai Motor India's IPO of Rs 27,856 crore will rewrite record books as India's largest public issue ever. But large sizes and returns don't go hand in hand most of the time. Out of the 6 mega IPOs worth at least Rs 10,000 crore seen on Dalal Street so far, 5 of them gave negative returns on listing. Not just that, IPO investors who have held on to the stock in hopes of a turnaround are still sitting on losses, according to data from Prime Database. LIC IPO in May 2022, which was subscribed 2 times, resulted in a 8% loss on listing day. Paytm's Rs 18,300 crore IPO, which was also the biggest issue that time, lost over 27% of its value on listing day. Even now, Paytm IPO investors are sitting at massive losses. General Insurance Corporation's Rs 11,257 crore IPO resulted in 4.5% loss on listing in October 2017. IPO investors are ...

[hfe_template id='11223'] [ad_1] Indian benchmark indices, Nifty50 and Sensex, rebounded from a slow start to hit record highs on Thursday, fueled by gains in financial and IT stocks. The BSE Sensex was trading at 82,150 points, up 365 points or 0.45%. The Nifty 50 was at 25,150, up 98 points or 0.39%, around 1:05 pm. Despite the rally, the market capitalisation of all listed companies on the BSE declined by nearly Rs 1 lakh crore to Rs 462.1 lakh crore. On the sectoral front, Nifty Bank, Financial, IT, Consumer Durables, and Oil & Gas sectors surged, while Nifty Auto, Media, Metal, Pharma, and Realty sectors saw declines. In the broader market, both the Nifty Midcap 100 and Nifty Smallcap 100 fell by 0.7%. The benchmark Nifty 50 hit a record high on Wednesday but pared gains as profit booking across most sectors limited advances in IT stocks.Among individual stocks, PB Fintech gained 3.3% after 2.1% of its equity shares were traded in a block deal.Paytm shares surge...

[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] 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] New Delhi: Japan's Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around USD 150 million, sources aware of the development said. Softbank invested about USD 1.5 billion in One97 Communications -- the owner of Paytm brand -- in tranches in 2017. "Softbank has exited Paytm at a loss of 10-12 per cent. The total loss is around USD 150 million," one of the sources said. Softbank held around 18.5 per cent stake in Paytm before the company's initial public offering (IPO) in 2021. It held a 17.3 per cent stake through SVF India Holdings (Cayman) Ltd and 1.2 per cent through SVF Panther (Cayman) Ltd. SVF Panther sold its entire stake during the IPO for Rs 1,689 crore, about USD 225 million. "Softbank announced that it will exit Paytm in 24 months from the time of the IPO. The exit was in line with Softbank's plan. However, the company did anticipate loss at that time,...