Paytm Shares Update
The shares of One97 Communications, which is the parent company of Paytm, jumped almost 6% to hit Rs 1,186 early in the trading session. This rise comes after a big approval from the Reserve Bank of India (RBI), which has allowed its subsidiary, Paytm Payments Services Ltd (PPSL), to start onboarding new merchants again after a break that started in November 2022.
Even though this RBI approval is a great boost, it has some conditions. PPSL needs to go through a full system audit, including a cybersecurity check, and they have to submit this report within six months. If they don’t, the approval could be taken back.
Key Highlights:
- PPSL, which is fully owned by One97 Communications, can now onboard merchants again.
- The RBI has set specific requirements:
- A complete system audit with a cybersecurity review.
- The audit report must be submitted within six months.
- If the report isn’t submitted on time, the temporary approval will end, and they won’t get the final license.
- The earlier restrictions mostly affected new online merchants and didn’t really impact the existing clients.
Paytm Q1: Good Profit Report Boosts Market Sentiment
In more good news, Paytm recently shared that it made its first operational profit for Q1 FY26, which is Rs 123 crore, a significant recovery from a loss of Eight hundred and thirty-nine crore in the same quarter last year. This turnaround happened because of a 28% rise in revenue, reaching Rs 1,918 crore, and an EBITDA of Rs 72 crore, thanks to careful cost management and better operational leverage.
At around 11:24 a.m., One97’s stock was priced at Rs 1,175, which is almost a 5% increase on the NSE. Over the last month, its shares have gone up by more than 17%, showing a comeback in investor confidence.
Paytm as Stock of the Day
Market expert Anil Singhvi has named Paytm as the Stock of the Day, urging investors to think about buying with a target range of Rs 1,135 to Rs 1,148. He suggests that investors should consider this opportunity.
