Paytm share price: Motilal Oswal Mutual Fund increased its stake above 5 percent with an additional purchase of 26.31 lakh shares. The acquisition comes alongside a strong earnings turnaround in Q1FY26, with Paytm posting a net profit of Rs 122.5 crore
Shares of the fintech firm One97 Communications were down to Rs 859.45 per share on the NSE, declining 0.64 percent.
Paytm highlighted that UPI Trading Blocks eliminate the need for traders to transfer money in advance to brokerage accounts while ensuring seamless and secure transactions.
Sharma added that he is not unduly worried about the loss of UPI market share, as the company's revenue is driven by only 6-7 lakh users that avail its services.
Despite receiving approval to add customers in October, Paytm's share of the UPI market has nearly halved, falling from 10 percent at the start of 2024 to just 5.5 percent by the end of the year, said analysts at UBS
Paytm in a X post has mentioned about Prime Minister Modi's reference to fintech innovations, at the GFF event in Mumbai.
The Nomination and Remuneration Committee of the company's board has also approved allotment of fully paid-up 2,91,388 equity shares having face value of Rs 1 each to eligible employees under ESOP 2008 and 2019, as per a stock exchange filing.
Shares of Paytm have been in a freefall following RBI’s drastic action on Paytm Payments Bank. The action can hit the company’s revenue hard.
Corporate governance standards haven’t matched the improving financial performance
With the current sale, the Japanese investor's stake in Paytm has been pared down to about 5.06 percent.
About 1,454 shares advanced, 1,999 shares declined, and 104 shares remained unchanged on June 8