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Paytm shares cross Rs 1,000 mark, rise 3% amid high volume
Paytm shares cross Rs 1,000 mark, rise 3% amid high volume

Time of India

time7 days ago

  • Business
  • Time of India

Paytm shares cross Rs 1,000 mark, rise 3% amid high volume

Paytm shares: As of June 30, 2025, foreign institutional investors (FIIs) held a 54.9% stake in Paytm, mutual funds owned 13.9%, public shareholders held 29.3%, and the remaining 2% was held by other investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Paytm shares performance Shares of One 97 Communications Paytm ) jumped nearly 3% to Rs 1,014.30 in Wednesday's trade on the NSE, crossing the Rs 1,000 mark amid strong trading activity. Around 23.3 lakh shares worth Rs 234.6 crore changed hands during the of 30 June 2025, foreign institutional investors (FIIs) held a 54.9% stake in Paytm, mutual funds owned 13.9%, the public held 29.3%, and the remaining 2% was with other parent company, One97 Communications, posted a consolidated net loss of Rs 540 crore in Q4FY25, slightly lower than the Rs 550 crore loss in the same quarter last from operations declined 16% year-on-year to Rs 1,912 crore in Q4FY25 from Rs 2,267 crore a year ago. On a sequential basis, net loss widened from Rs 208 crore in Q3FY25, while revenue rose 5% from Rs 1,828 to Trendlyne, the average target price for Paytm stands at Rs 958, suggesting a potential downside of nearly 5% from current levels. Of the 17 analysts covering the stock, the consensus rating remains 'Hold'.Technically, Paytm shares are showing strong bullish momentum. The Relative Strength Index (RSI) is at 69.9, close to the overbought zone of 70, while the MACD is at 12.1 and remains above its center and signal lines—another bullish stock is currently trading above all key moving averages—5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day—reinforcing the strength of the ongoing Paytm shares are up just 2%, but the stock has delivered an impressive 120% gain over the past 12 months. Its current market capitalisation stands at Rs 64,193 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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