{"id":109087,"date":"2023-09-06T08:00:00","date_gmt":"2023-09-06T02:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109087"},"modified":"2023-09-06T08:33:15","modified_gmt":"2023-09-06T03:03:15","slug":"large-cap-stock-gets-a-buy-call-for-an-upside-of-35-after-promoter-eyes-increasing-stake","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-gets-a-buy-call-for-an-upside-of-35-after-promoter-eyes-increasing-stake\/","title":{"rendered":"Large cap stock gets a buy call for an upside of 35% after promoter eyes increasing stake"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-443553609\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share price of a payments aggregator notched 3.42 percent gains as its promoter is looking to increase his stake in the company. Its shares reached an intraday high of \u20b9 889.00 apiece and settled at \u20b9 886.00.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-706768760\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PAYTM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">One97 Communications<\/a><\/strong> (Paytm\u2019s) CEO Vijay Shekhar Sharma said, \u201c There is never a day that I would not buy more equity in Paytm\u201d\u00a0<\/p><p>Sharma has become the largest shareholder of the company after acquiring a 10 percent stake from AntFin, thereby increasing his stake to 19.42 percent, and he is looking to increase his stake further.&nbsp;<\/p><p>Paytm was India\u2019s biggest IPO, until the Life Insurance Corporation of India (LIC) came up with its IPO. Paytm\u2019s 18,000 crore issue was priced at \u20b9 2,150 per share. However, it was not received well, owing to valuations and fell nearly 80 percent from its issue price to \u20b9 438.35 apiece. Since then, it has recovered by 102 percent to its current price of \u20b9 886.00 apiece, amid buying by its promoter, but is significantly below its issue price.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1459476138\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Recently, Bernstein assigned an outperform rating on the stock with a price target of \u20b9 1,100.00. This translates to an upside of 24.15 percent, compared to its current share price. Ahead of Bernstein, Citi and Goldman Sachs have a price target of \u20b9 1,200.00 each, translating to an upside of 35.44 percent\u00a0<\/strong><\/p><p>With a market capitalization of \u20b9 54,349 crores, One97 Communications is a large-cap company. It has a negative return on equity of 12.76 percent and an ideal debt-to-equity ratio of 0.02.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1700919612\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share price of a payments aggregator notched 3.42 percent gains as its promoter is looking to increase his stake in the company. Its shares reached an intraday high of \u20b9 889.00 apiece and settled at \u20b9 886.00.&nbsp; One97 Communications (Paytm\u2019s) CEO Vijay Shekhar Sharma said, \u201c There is never a day that I would [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":106353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5923,11741,948,936],"class_list":["post-109087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-paytm-gets-buy-call","tag-paytm-latest-target","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Large cap stock gets a buy call for an upside of 35% after promoter eyes increasing stake - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/large-cap-stock-gets-a-buy-call-for-an-upside-of-35-after-promoter-eyes-increasing-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Large cap stock gets a buy call for an upside of 35% after promoter eyes increasing stake\" \/>\n<meta property=\"og:description\" content=\"The share price of a payments aggregator notched 3.42 percent gains as its promoter is looking to increase his stake in the company. 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