Powered by: Motilal Oswal

News

One97 Communications shines on introducing automatic top-up for Paytm UPI Lite One97 Communications is currently trading at Rs. 917.20, up by 17.20 points or 1.91% from its previous closing of Rs. 900.00 on the BSE. The scrip opened at Rs. 912.90 and has touched a high and low of Rs. 939.00 and Rs. 911.00 respectively. So far 101447 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 939.00 on 25-Nov-2023 and a 52 week low of Rs. 310.00 on 09-May-2024. Last one week high and low of the scrip s...
One97 Communications shines on introducing automatic top-up for Paytm UPI Lite
One97 Communications shines on introducing automatic top-up for Paytm UPI Lite
Source: Accord Fintech
2024-11-25 09:53:17 am
Add One 97 Communications Ltd For Target Rs. 800 By Yes Securities Ltd Upgraded to BUY for the first time in March, Paytm prices in some positives Our view – Goal of EBITDA breakeven this year looks real, driven by cost control and other aspects Revenue aspects – Key revenue lines displayed reasonable sequential traction: Revenue from Payments services was up 7.0% QoQ to Rs 9.46bn. Revenue from Financial Services business was up 34.3% QoQ to Rs 3.76bn. As a result, total revenue from operations was up 10.5% QoQ to Rs 16.6bn for the quarter. Pr...
Add One 97 Communications Ltd For Target Rs. 800 By Yes Securities Ltd
Add One 97 Communications Ltd For Target Rs. 800 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-01 09:29:02 am
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets * Offers exclusive discounts on bookings done between September 26 and October 5 * Provides free cancellation on flight, train and bus tickets in case of last minute change in plans * Brings exciting offers in partnership with leading banks like ICICI Bank, RBL Bank, Bank of Baroda, and AU Small Finance Bank One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Sou...
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Source: PR Agency
2024-09-28 02:08:21 pm
Neutral One 97 Communications Ltd For Target Rs. 550 By Motilal Oswal Financial Services Ltd Paytm to sell entertainment ticketing business to Zomato * Paytm has agreed to sell its entertainment ticketing business to Zomato for INR20.48b in cash, which will allow Paytm to strengthen its focus on its core Payments and Financial Services Distribution business. * The combined entertainment ticketing business is projected to generate INR2.97b in revenue and INR290m in adjusted EBITDA in FY24. * Paytm earlier built its movie ticketing business from scratch, acquiring Insider and ...
Neutral One 97 Communications Ltd For Target Rs. 550 By Motilal Oswal Financial Services Ltd
Neutral One 97 Communications Ltd For Target Rs. 550 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-24 09:40:08 am
Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore Digital payments major Paytm on Wednesday announced to sell its entertainment ticketing business to food aggregator Zomato for Rs 2,048 crore in cash, in a move to focus on core payments and financial services distribution.  The transfer will also include 280 existing employees from the entertainment ticketing business at the company. One 97 Communications Limited (OCL), the parent company of Paytm, will transfer its entertainment ticketing business to Zomato by transfer of OCL&rsq...
Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore
Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore
Source: IANS
2024-08-22 09:53:11 am
Reduce One 97 Communications Ltd For Target Rs. 375 By Emkay Global Financial Services The worst hits in Q1FY25; recuperation to be gradual Paytm has taken full-quarter business impact post the embargo on its Payment bank business in 1Q. Payment GMV growth was only 5% YoY/down 9% QoQ, while loan disbursements were down 66% YoY/14% QoQ. This, coupled with lower net payment margins (~3bps) and fall in marketing services revenue, led to an in-line albeit higher EBITDA loss (ex-ESOP) at Rs5.5bn. However, higher retrenchment and, thus, savings on salary/ESOP cost led to lower net...
Reduce One 97 Communications Ltd For Target Rs. 375 By Emkay Global Financial Services
Reduce One 97 Communications Ltd For Target Rs. 375 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-08-09 03:12:07 pm
Buy One 97 Communications Ltd For Target Rs.550 by Yes Securities Management aspires for operational profitability this financial year itself Profitability – The company is aiming to deliver quarterly profitability within this financial year itself: This profitability is on EBITDA before ESOP basis and without considering UPI incentive. For the quarter, the overall contribution profit was down - 42% YoY at Rs 7.55bn, translating to a contribution margin of 50.3%, down by -537bps YoY and -647bps QoQ. EBITDA before ESOP cost stood -Rs 5.45bn, which t...
Buy One 97 Communications Ltd For Target Rs.550 by Yes Securities
Buy One 97 Communications Ltd For Target Rs.550 by Yes Securities
Source: Yes Securities Ltd.
2024-07-22 11:38:31 am
Reduse One 97 Communications Ltd For Target Rs.300 By Emkay Global Financial Services Recuperation to be protracted; initiate coverage with REDUCE We initiate coverage on One97 Communications (OCL-Paytm) with REDUCE and a ~13% downside. Following the recent regulatory salvo, the stock has corrected ~55% (~80% from its post-IPO peak in Nov-21), echoing the expected business/revenue dislocation in the Payments/Financial Services verticals; this was aggravated by high KMP attrition. We believe Paytm’s path to profitability will be arduous, mainly due to i) higher operati...
Reduse One 97 Communications Ltd For Target Rs.300 By Emkay Global Financial Services
Reduse One 97 Communications Ltd For Target Rs.300 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-07-09 12:59:42 pm
One 97 Communications zooms on inking pact with Samsung One97 Communications is currently trading at Rs. 432.85, up by 30.20 points or 7.50% from its previous closing of Rs. 402.65 on the BSE. The scrip opened at Rs. 407.95 and has touched a high and low of Rs. 438.95 and Rs. 405.30 respectively. So far 990625 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 998.30 on 20-Oct-2023 and a 52 week low of Rs. 310.00 on 09-May-2024. Last one week high and low of the scrip s...
One 97 Communications zooms on inking pact with Samsung
One 97 Communications zooms on inking pact with Samsung
Source: Accord Fintech
2024-06-13 10:43:44 am
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants One97 Communications Limited (OCL), which owns leading payments and financial services company Paytm, on Thursday launched a new ad campaign to enhance existing user engagement by showcasing the company’s reliable payment products and experience.  This campaign promotes UPI money transfers, Scan and Pay, pioneering Soundbox, Paytm UPI Lite wallet, Credit Card on UPI, recharges & bill payments along with other payment instruments available on the Paytm app, reflecting key foc...
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants
Source: IANS
2024-05-23 03:04:43 pm
Can Vijay Shekhar Sharma fix Paytm's woes as he takes over the reins? The shares of Paytm have crashed about 50 per cent this year, amid high-profile exits, the RBI ban on certain businesses of Paytm Payments Bank Ltd (PPBL), and fresh reports about some lending partners revoking loan guarantees due to repayment defaults from customers. The Paytm stock closed at Rs 317.15 on Wednesday, a decline of another 5 per cent and breaking its all-time low of Rs 318 on February 16 this year. As the share price continues to hit the lower circuit amid fresh uncertain...
Can Vijay Shekhar Sharma fix Paytm's woes as he takes over the reins?
Can Vijay Shekhar Sharma fix Paytm's woes as he takes over the reins?
Source: IANS
2024-05-08 05:00:17 pm
Paytm announces leadership change to double down on payments & financial services offerings The One97 Communications Limited (OCL), which owns Paytm, on Saturday announced to expand its leadership team to build a large and profitable payment and financial services distribution business. Bhavesh Gupta, President and Chief Operating Officer, who was overseeing the payments and lending businesses, has decided to take a career break due to “personal reasons”, the company said in a statement. He will be transitioning to an advisory role, offering guidance for Paytm&rsqu...
Paytm announces leadership change to double down on payments & financial services offerings
Paytm announces leadership change to double down on payments & financial services offerings
Source: IANS
2024-05-05 09:09:14 am
Buy One 97 Communications Ltd For Target Rs. 4,200 - Motilal Oswal Financial Services Steady performance amid high uncertainty Adj. EBITDA beat estimates; business metrics tracking well despite curtailment in postpaid disbursements * Paytm reported a net loss of INR2.2b (vs. est. of INR2.6b loss) in 3QFY24. Total revenue grew 38% YoY/13% QoQ to INR28.5b (broadly in line), driven by healthy growth in GMV and an increase in merchant subscription revenues, partly offset by some moderation in disbursements. * Net payment margin grew 63% YoY/6% QoQ to INR7.5b, which, alon...
Buy One 97 Communications Ltd For Target Rs. 4,200 - Motilal Oswal Financial Services
Buy One 97 Communications Ltd For Target Rs. 4,200 - Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-05-01 11:05:56 am
Paytm accelerates user migration to PSP Banks with NPCI approval One 97 Communications Limited (OCL) which owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR, soundbox and mobile payments, received go ahead, on Tuesday from the National Payment Corporation of India (NPCI) to start the user migration to new Payment System Provider (PSP) bank handles immediately. Following NPCI's approval on March 14, 2024, to onboard OCL as a Third Party Application Provider (TPAP) on the Multi Payment Service Pr...
Paytm accelerates user migration to PSP Banks with NPCI approval
Paytm accelerates user migration to PSP Banks with NPCI approval
Source: IANS
2024-04-18 09:40:38 am
Add One 97 Communications Ltd. For Target Rs 900 By Yes Securities Ltd Reset of loan distribution business remains the talking point  Our view – Management sees growth opportunity in larger ticket personal loans Management flags opportunity size for larger-ticket personal loans based on whitelisted customer base greater than 20mn: Revenue from Financial Services business was up 36% YoY to Rs 6.07bn. The value of loan disbursed amounted to Rs 155.4bn, up 56% YoY but down -4% QoQ. The sequential decline in distribution was driven by re-calibration...
Add One 97 Communications Ltd. For Target Rs 900 By Yes Securities Ltd
Add One 97 Communications Ltd. For Target Rs 900 By Yes Securities Ltd
Source: Yes Securities Ltd.
2024-03-30 09:46:49 am
Paytm streamlines metro rides with Easy QR Ticket Purchases & Smart Card Recharges -       Bringing Seamless Transit Solutions to India's Major Cities: Delhi, Mumbai, Hyderabad, Chennai, and Bengaluru One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading digital payments and financial services company and the pioneer of QR code, soundbox, and mobile payments, offers metro card recharge for metro commuters in Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai directly through the app. This feature all...
Paytm streamlines metro rides with Easy QR Ticket Purchases & Smart Card Recharges
Paytm streamlines metro rides with Easy QR Ticket Purchases & Smart Card Recharges
Source: PR Agency
2024-03-29 05:05:32 pm
Buy One 97 Communications Ltd. For Target Rs.975 By Motilal Oswal Financial Services Adj. EBITDA beat estimates; business metrics tracking well despite curtailment in postpaid disbursements -      Paytm reported a net loss of INR2.2b (vs. est. of INR2.6b loss) in 3QFY24. Total revenue grew 38% YoY/13% QoQ to INR28.5b (broadly in line), driven by healthy growth in GMV and an increase in merchant subscription revenues, partly offset by some moderation in disbursements. -      Net payment margin grew 63% YoY/6% Qo...
Buy One 97 Communications Ltd. For Target Rs.975 By Motilal Oswal Financial Services
Buy One 97 Communications Ltd. For Target Rs.975 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-03-27 10:53:59 am
Buy One 97 Communications Ltd For Target Rs.2,300 By JM Financial Ltd Strong quarter led by efficiencies Paytm reported strong 3QFY24 results with adj. EBIDTA of INR 2,200mn (+43% QoQ). EBITDA margin moved up +160bps QoQ to 7.7%. Payment services vertical continued its stellar run with net payments yield largely stable at 15bps on the back of a) increase in GMV of non-UPI instruments like EMI and cards b) slight increase in payment processing margins on non-UPI instruments and c) online sales during festive season. Financial services revenue grew +6% QoQ, +3...
Buy One 97 Communications Ltd For Target Rs.2,300 By JM Financial Ltd
Buy One 97 Communications Ltd For Target Rs.2,300 By JM Financial Ltd
Source: JM Financial Services
2024-03-18 01:49:21 pm
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank The Reserve Bank of India (RBI) on Friday asked the National Payments Corporation of India (NPCI) to ensure alternative arrangements for customers using the Unified Payments Interface of Paytm Payments Bank Ltd (PPBL) so that '@paytm' handles can be migrated in a seamless manner. The central bank advised that in the event of NPCI granting Third Party Application Provider (TPAP) status to One97 Communication Ltd (OCL), it may be stipulated that '@paytm' handles "are to ...
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank
RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank
Source: IANS
2024-02-24 09:46:05 am
Merchants across India continue to use Paytm & its pioneering devices One 97 Communications Limited (OCL), that owns financial services major Paytm, has received immense support from the merchant community across the country. In a social media livestream organised by the company, merchants across India, including from Mumbai, Pune, Noida, Hyderabad, Chennai, Ahmedabad and Bengaluru, among other cities, spoke about their Paytm journey. During the live event, merchants expressed satisfaction with Paytm's devices, including QR code scanners, Soundbox tec...
Merchants across India continue to use Paytm & its pioneering devices
Merchants across India continue to use Paytm & its pioneering devices
Source: IANS
2024-02-22 10:41:18 am
One97 Communications surges on partnering with Axis Bank One97 Communications is currently trading at Rs. 358.55, up by 17.05 points or 4.99% from its previous closing of Rs. 341.50 on the BSE. The scrip opened at Rs. 358.55 and has touched a high and low of Rs. 358.55 and Rs. 358.55 respectively. So far 55201 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 998.30 on 20-Oct-2023 and a 52 week low of Rs. 318.35 on 16-Feb-2024. Last one week high and low of the scrip st...
One97 Communications surges on partnering with Axis Bank
One97 Communications surges on partnering with Axis Bank
Source: Accord Fintech
2024-02-19 09:56:53 am
Paytm shifts nodal account to Axis Bank: What does this mean?  In a bid to maintain seamless merchant settlements as before, financial services company Paytm has announced to shift its nodal account to Axis Bank, which was previously used with the Paytm Payments Bank Ltd (PPBL). In a regulatory filing with the stock exchanges, the company said the new arrangement has been executed by opening an escrow account with Axis bank to ensure merchant settlements continue without any hassle. The move came as the Reserve Bank of India (RBI) instructed ...
Paytm shifts nodal account to Axis Bank: What does this mean?
Paytm shifts nodal account to Axis Bank: What does this mean?
Source: IANS
2024-02-17 05:43:55 pm
One97 Communications forms group advisory committee headed by ex-SEBI Chairman Damodaran  The Board of One97 Communications Limited, which owns the brand Paytm, has announced the formation of a group advisory committee chaired by former SEBI Chairman M. Damodaran to work with the Board in further strengthening compliance and regulatory matters. The committee includes veteran professionals like M.M. Chitale, former President of Institute of Chartered Accountants of India (ICAI), and a former Governing Council Member of Banking Codes and Standards Board of India nominated b...
One97 Communications forms group advisory committee headed by ex-SEBI Chairman Damodaran
One97 Communications forms group advisory committee headed by ex-SEBI Chairman Damodaran
Source: IANS
2024-02-10 09:48:11 am
Paytm shares down at lower circuit of 10% Paytm shares are locked in lower circuit of 10 per cent on BSE. The shares were down 10 per cent at lower circuit on BSE. Paytm shares were trading at Rs 438.35 down 10 per cent. One97 Communications Limited (OCL / Paytm / Company) set out the Company’s position and directly addressed rumors in the recent misleading media reports about the Company and its associate, Paytm Payments Bank Limited (PPBL / Bank). The company categorically denied any investigation by the Enforcement ...
Paytm shares down at lower circuit of 10%
Paytm shares down at lower circuit of 10%
Source: IANS
2024-02-05 12:55:19 pm
Neutral One 97 Communications For Traget Rs.575 - Motilal Oswal Financial Service Ltd Key takeaways from management concall PAYTM hosted an analyst call to discuss the impact of the RBI’s restrictions on Paytm Payments Bank Ltd (PPBL) and the way forward. Following are the key takeaways: * PPBL, an associate company of One97 Communications Ltd. (PAYTM), has received regulatory directives from the RBI and is taking immediate steps to comply with the directives. PPBL users can use their savings account balances, wallets, FASTags, and NCMC account till 29th Feb’...
Neutral One 97 Communications For Traget Rs.575 - Motilal Oswal Financial Service Ltd
Neutral One 97 Communications For Traget Rs.575 - Motilal Oswal Financial Service Ltd
Source: Motilal Oswal Financial Services Ltd
2024-02-02 03:48:55 pm
Paytm to invest Rs 100 cr in GIFT City, to offer AI-driven cross border remittance One97 Communications Limited (OCL) that owns India's leading payments and financial services company Paytm, on Wednesday announced an investment of Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, ahead of the 'Vibrant Gujarat Global Summit 2024'. The company will make the investment over a period of time and will seek requisite approvals for the same. With GIFT city as an ideal innovation hub for cross-border activity, P...
Paytm to invest Rs 100 cr in GIFT City, to offer AI-driven cross border remittance
Paytm to invest Rs 100 cr in GIFT City, to offer AI-driven cross border remittance
Source: IANS
2024-01-10 10:04:06 am
Paytm launches special sale on flight tickets to visa-free destinations - Thailand, Malaysia, Bali and Sri Lanka One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, announced an exclusive sale on flight tickets to popular visa-free destinations like Thailand, Malaysia, Bali and Sri Lanka.   Through Paytm app, travellers can avail the special discount of 8% off on flight tickets by using the promo code 'INTHOLIDAY.' The offer is valid until January 10th, providing an excel...
Paytm launches special sale on flight tickets to visa-free destinations - Thailand, Malaysia, Bali and Sri Lanka
Paytm launches special sale on flight tickets to visa-free destinations - Thailand, Malaysia, Bali and Sri Lanka
Source: PR Agency
2024-01-05 11:32:25 am
912 cr merchant transactions on Paytm in Q2FY24; Delhi makes most payments from 12-6 a.m. One97 Communications Limited (OCL), which owns Paytm, said on Wednesday that a whopping 912 crore merchant payments were made using the leading financial and payments provider in the second quarter (Q2) of FY24. When it comes to making most payments between 12 midnight and 6 a.m., Delhi outshined cities like Hyderabad, Bengaluru, Chennai and Goa, according to the ‘Paytm Recap 2023’ report. The Recap showcases a year of leadership in payments and incredible user engagement on...
912 cr merchant transactions on Paytm in Q2FY24; Delhi makes most payments from 12-6 a.m.
912 cr merchant transactions on Paytm in Q2FY24; Delhi makes most payments from 12-6 a.m.
Source: IANS
2023-12-28 09:57:49 am
Paytm offers exclusive discounts on flight tickets for Dubai Shopping Festival One97 Communications Limited (OCL) that owns leading payments and financial services company Paytm, on Tuesday announced great discounts on flight tickets for users attending the Dubai Shopping Festival, running from December 8 and to January 14, 2024. The month-long festival offers an amazing shopping experience while seamlessly weaving together elements of luxury, entertainment, and cultural richness. The extended festival duration empowers travellers to meticulously plan their journe...
Paytm offers exclusive discounts on flight tickets for Dubai Shopping Festival
Paytm offers exclusive discounts on flight tickets for Dubai Shopping Festival
Source: IANS
2023-12-19 10:55:24 am