At that valuation, PhonePe would be worth 60-90% more than Paytm, despite being EBITDA negative, while Paytm is EBITDA positive
RBI will propose a framework to compensate customers up to Rs 25,000 for losses incurred in small-value fraudulent transactions, Governor Sanjay Malhotra said on Feb 6
Paytm share price: The shares of the fintech platform dropped to Rs 1,115.60 apiece, the lowest level seen by the stock since September 30.
Stocks to Watch, 30 Jan: Stocks like ITC, Tata Motors Commercial Vehicles, One 97 Communications Paytm, Swiggy, Colgate Palmolive India, NTPC Green Energy, Indegene, Great Eastern Shipping Company, Orient Cement, Container Corporation of India, MTAR Technologies, Usha Martin, and Syrma SGS Technology will be in focus on January 30.
The company’s revenue from operations surged 20 percent to Rs 2,194 crore in the reported quarter, compared to Rs 1,828 crore in the year-ago period
In the current market condition, key would be to stay highly selective, not short the markets too much, and stay invested in relatively stronger pockets, said Milan Vaishnav.
In case the scheme is not extended or replaced, Paytm expects to offset the impact over time through higher revenues and more targeted sales efforts.
The market is expected to consolidate with range-bound trading as long as it trades below the current week’s high. Below are some short-term trading ideas to consider.
A doji-like pattern formation and oversold RSI signal the possibility of a bounce-back, but the sustainability of the same remains key to watch. Below are some short-term trading ideas to consider.
The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month.
Stocks to Watch, 18 December: Stocks like HCL Technologies, Cyient, Titagarh Rail Systems, Antony Waste Handling, GMR Power and Urban Infra, KP Energy, Mahindra Lifespace Developers, ISGEC Heavy Engineering, GE Vernova, Ola Electric, One 97 Communications Paytm, AstraZeneca Pharma, and Denta Water and Infra Solutions will be in focus on December 18.
Stocks to Watch, 15 December: Stocks like Wipro, Dr Reddy's Laboratories, SMS Pharmaceuticals, Aurobindo Pharma, ESAF Small Finance Bank, NLC India, Ashoka Buildcon, KEC International, Bharat Electronics, Astra Microwave Products, One 97 Communications Paytm, Refex Industries, and Brigade Enterprises will be in focus on December 15.
The market may rebound after the recent correction, but the sustainability of those gains will be the key to watch. Below are some short-term trading ideas to consider.
The market is expected to consolidate further until it gives a convincing close above Monday's high. Below are some short-term trading ideas to consider.
Paytm has around 1.4 crore offline merchants using its various payment subscription devices
Stocks to Watch, 27 November: Stocks like Studds Accessories, Whirlpool of India, One 97 Communications Paytm, Wipro, Oberoi Realty, Jammu and Kashmir Bank, Patel Engineering Company, Asian Paints, Havells India, Panacea Biotec, India Glycols, Shivam Autotech, Salasar Techno Engineering, and Indo Tech Transformers will be in focus on November 27.
According to the filing, the licence will enable PPSL to continue offering payment aggregation services, and growth in this business segment will reflect in the consolidated financials of One 97 Communications Limited.
Paytm share price: ICICI Securities hiked its target price for Paytm shares to Rs 1,450 apiece from Rs 1,240 apiece. The latest target price implies an upside potential of nearly 17% from the stock’s previous closing price.
Stocks to Watch, 25 November: Stocks like Diamond Power Infrastructure, Surya Roshni, Eris Lifesciences, Ceigall India, Niraj Cement Structurals, Dr Reddys Laboratories, Paras Defence and Space Technologies, Sunteck Realty, One 97 Communications Paytm, Fortis Healthcare, and Karnataka Bank will be in focus on November 25.
Fortis Healthcare shares closed the session at Rs 922.2, up 0.13 percent amid significant volumes, which remained rangebound for last four sessions. GE Vernova T&D India shares fell 1.31 percent to Rs 2,863.9, while Paytm shares declined 0.4 percent to Rs 1,260.7 on the NSE.
Even though Paytm's latest quarterly revenue is below its FY 24 December quarter, the reduction in expenditure and rising merchant subscriptions have helped the company post a net profit for two consecutive quarters
Stocks to Watch, 19 November: Stocks like Infosys, Tata Consultancy Services, Hindustan Unilever, G R Infraprojects, Azad Engineering, Goel Construction Company, National Securities Depository, Choice International, One 97 Communications Paytm, and Kaynes Technology India will be in focus on November 19.
Paytm shares corrected 2.8 percent to Rs 1,295.5, while Mphasis shares dropped 1.12 percent to close at Rs 2,658.5 on the NSE.