Following the announcement that the fintech giant will sell its tickets and entertainment business to food delivery app Zomato for ₹2,048 crore, Paytm’s share price surged by more than 5%. Zomato shares increased by 2.71% to trade at ₹267.00 on the BSE, while Paytm shares jumped by up to 5.47% to ₹604.45.

The parent company of fintech giant Paytm, One 97 Communications, has finalized arrangements to sell Zomato its entertainment ticketing business, which includes movie, sports and event tickets, for ₹2,048 crore.

For the next 12 months, Paytm’s movie and event tickets will remain available on its app during a transition period. Users will then be redirected to Zomato’s future app, which is specifically designed for the “going-out” segment.

As of 10:45 am, Paytm shares were trading 1.65% higher at Rs 583.50 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Shares of One97 Communications Limited dropped about 2% on Tuesday after getting a warning notice from the Securities and Exchange Board of India (Sebi) over related party transactions for FY22.

On the Bombay Stock Exchange (BSE), the stock was down 1.78% to Rs 461.30 a share in early trading.

The warning was issued to One 97 Communications, Paytm’s parent firm, for non-compliance with transactions with Paytm Payments Bank that exceeded the allowed limit of Rs 360 crore.

“You are, therefore, warned to be careful in future and improve your compliance standards to avoid recurrence of such instances in future, failing which appropriate enforcement action would be initiated in accordance with the law,” according to the warning letter sent by Sebi to Paytm.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

One97 Communications Ltd., a parent company of Payments aggregator Paytm, saw a 9% increase in share to ₹475.85 on Monday, adding to Friday’s 6% rise. The stock increased by 14% during the past two trading sessions. With today’s increase, Paytm shares have reached their highest level in five months.

Paytm shares fell dramatically early this year following the Reserve Bank of India’s crackdown on its payments bank. The stock fell from ₹760 to an all-time low of ₹310 before recovering recently.

Even with this recent rally, Paytm shares are down 78% from its IPO price. The stock is up 17% so far in July, following an 11% increase in June. This happened after four consecutive months of losses.

As of 2:17 pm, Paytm shares were trading 8.01% higher at ₹470.30.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Paytm’s parent company, One 97 Communications, witnessed its shares rise more than 9% on the BSE on Friday, June 7, 2024, continuing its recent upward trend.

Following the announcement of the Lok Sabha Elections 2024 results, the Paytm stock fell on June 4 and 5, but it started to rise on Thursday, increasing by around 2%.

However, the shares of the digital payment provider had a wild start on Friday, rising 9.62% to a day’s high of Rs 379.90 after closing at Rs 346.55 the previous session.

Paytm shares were up 8.73 per cent, or Rs 30.25, to Rs 376.80 on Friday.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Paytm’s stock opened at Rs. 386 and closed at Rs. 377.5 on the last trading day. The day’s high was Rs. 396.35, and the low was ₹358.65. The market capitalization was at Rs. 22,964.83 crore. The 52-week high and low were recorded as ₹998.3 and ₹310 respectively. The daily BSE volume was 2,414,984 shares traded.

Paytm’s share price climbed by 5% to ₹379.25, matching the positive performance of peers such as LIC Housing Finance, Mahindra & Mahindra Financial, Creditaccess Grameen and Cholamandalam Financial Holdings. Furthermore, Nifty and Sensex have shown increases of 2.75% and 2.54%, respectively.

Paytm’s share price is now at ₹379.25,  trading between major support and resistance levels of ₹346.05 and ₹383.75 on a daily timeframe. If it breaches the support level of ₹346.05, we may expect additional negative results. If the price reaches 383.75, it indicates an upward movement.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.