Paytm Share Price is in the news today. As the RBI Governor announces that UPI will stay free, stocks have surged more than 2% already. Should you buy, hold, or sell? Let’s check the company’s financials, recent news, target price recommendations, and recommendations.
Paytm Share Price in The Market Today
As of today, 1st October, Paytm Share Price is at Rs 1146.50, that is 2.02% up. Shares opened today at Rs 1123.70 and touched a high of Rs 1149.90. The current UC limit is at Rs 1236.10, and the LC limit is at Rs 1011.50. The total market capitalization of the company stands around Rs 73248 crores.
Company Financials
One97 Communications has already released its first-quarter results. It shows a 27.70% growth in total income of Rs 1917.50 crores. However, Operating profits are down by 88.53% to negative Rs 111.30 crores. Profit after tax for Q1 was Rs 122.50 crores, and operating profits sank more than 91%. All these figures are calculated on a YoY basis.
Recent News About Paytm Shares
- Recently, RBI Governor Sanjay Malhotra announced that there is no current proposal to impose charges on UPI transactions. After this announcement, shares rose by 2%.
- The Board of Paytm approved a Rs 455 crore investment in its subsidiaries, Paytm Money and Paytm Services, to boost long-term growth. The company also announced the acquisition of Foster Payment Networks for Rs 61 crore.
Paytm Share Target Price
As one of the popular stocks, One97 Communications or Paytm has multiple target price suggestions. S&P Global suggests a target between Rs 650 and Rs 700. On the other hand, Consensus analysts suggest a target price of Rs 1129.06.
Recommendations on buying or selling
According to the moneycontrol website, 38% of the analysts suggest buying Paytm Shares or One97 Communications Shares. The rest, 38% suggest holding, and 6% suggest selling. On the other hand, Consensus analysts suggest holding these shares.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
