Domestic benchmark indices opened in the green on Tuesday after a long weekend. The markets were closed on Monday due to Independence Day celebrations. The Sensex was up nearly 400 points or 0.67% at 59,850, while the NSE Nifty 50 added 133 points or 0.76% to breach 17,800 levels. The markets made a sharp U-turn [...]
With the rising markets, the shares of One 97 Communications Ltd (Paytm) have also risen by 5.3% till 11.30 am on Monday and were at Rs 826 levels. In the last five days, the stock has been volatile and has zoomed by approximately 10%. In the past month, the stock price has added 18%. The [...]
Zomato Limited was listed on the bourses on 23rd July 2021. This means that the one-year lock-in period for the employees and others will end on July 23, 2022. Analysts have cautioned investors that there is a sell-off risk in the stock in the short to medium term which can drive the share price southwards. [...]
Most sectoral indices like oil & gas, power, and realty are trading in the green, except for IT. However, benchmark indices BSE Sensex and Nifty 50 are trading flat. The BSE Sensex is hovering at 58871.48 points while the NSE Nifty is at 17540.55 points. Brokerages have given targets and recommendations for the following stocks: [...]
One97 Communications Ltd’s shares plunged nearly 12% on Monday, hitting an all-time low of ₹ 672.10 apiece.The RBI barred Paytm Payments Bank Limited from onboarding new customers and directed Paytm to appoint an IT audit firm to conduct a full System Audit of its IT system.This is not the first time that the RBI has pulled [...]
One97 Communications, the parent company of Paytm’s Q3 revenue from operations increased by ~88% to ₹1,456 Cr when compared to the same quarter last year. However, it posted a net consolidated loss of ₹778.5 crores. Its share price had been low, but it has recovered as the stock was up by more than 2% on [...]
Paytm, the Indian digital payments pioneer backed by Ant Group and Softbank is seeking regulatory approval to raise up to Rs. 16,600 crores (US$2.23 billion) in one of the country's largest stock market debuts. One97 Communications Ltd, Paytm’s parent company filed papers with SEBI to raise Rs. 16,600 crores through means of IPO. The IPO [...]
