Paytm gains as its loan distribution business scales up to 3.4 million loan disbursals in October 2022
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One 97 Communications (Paytm) is currently trading at Rs. 641.20, up by 8.90 points or 1.41% from its previous closing of Rs. 632.30 on the BSE.
The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 654.00 and Rs. 639.50 respectively. So far 41093 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1961.05 on 18-Nov-2021 and a 52 week low of Rs. 511.00 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 668.45 and Rs. 624.00 respectively. The current market cap of the company is Rs. 41753.69 crore.
The Institutions holding in the company stood at 78.58%, while Non-Institutions held 21.41%.
One 97 Communications’ (Paytm) loan distribution business has scaled to 3.4 million loan disbursals during the month of October 2022 (year-on-year growth of 161%), aggregating to loan disbursements of Rs 3,056 crore ($407 million, y-o-y growth of 387%). Consumer engagement is at its highest on Paytm Super-App with average monthly transacting users (MTU) at 84.0 million for the month of October 2022, up 33% y-o-y. There were 42% Y-o-Y increase in merchant payment volumes (GMV) for the month of October 2022 at Rs 1.18 lakh crore ($14 billion).
Paytm is India's leading digital ecosystem for consumers as well as merchants.
