One 97 Communications Records ₹38.98 Crore Block Trade on NSE at ₹1334.80 Per Share
One 97 Communications recorded a block trade on the NSE involving approximately 292,029 shares at ₹1334.80 per share. The total value of the transaction amounted to ₹38.98 crores. Such large-scale block trades are typically associated with institutional participation and are executed to minimize broader market impact.
One 97 Communications Announces Indonesia Expansion Through Flip Partnership, Confirms DTK Investment Not a Significant Event Under SEBI LODR
One 97 Communications has announced a partnership with Flip to expand its presence into Indonesia, marking an international strategic development for the company. In a separate regulatory disclosure, the company confirmed that its minority investment in DTK does not qualify as a significant event under SEBI's Listing Obligations and Disclosure Requirements. Together, these announcements highlight the company's concurrent focus on international expansion and regulatory compliance.
One 97 Communications Records ₹26.58 Crore Block Trade on NSE at ₹1103.10 Per Share
One 97 Communications recorded a block trade on the NSE involving approximately 240,969 shares at ₹1103.10 per share, aggregating to a total transaction value of ₹26.58 crores. Such block trades are generally associated with institutional participation in the secondary market. The trade highlights significant activity in the One 97 Communications counter on the exchange.
Goldman Sachs Maintains Buy Rating on Paytm with ₹1,400 Target Price Despite RBI License Cancellation
Goldman Sachs maintains its Buy rating on Paytm with a ₹1,400 target price despite RBI's payments bank license cancellation. The brokerage views the regulatory action as having no financial impact due to ring-fenced operations, while highlighting strong business fundamentals including 26% GMV growth, market share gains, and positive traction in postpaid and loan distribution services, though acknowledging near-term sentiment risks.
27Apr 26
Analysts Maintain Positive Outlook on Paytm Despite RBI License Cancellation
Leading brokerages Bernstein and Jefferies maintain positive outlook on Paytm following RBI's cancellation of PPBL license, with target prices of ₹1,500 and ₹1,350 respectively, emphasizing that impact is limited due to prior wallet shutdown, UPI migration, completed write-offs, and governance reset, while core Paytm services continue unaffected.
Paytm Clarifies No Business Links With PPBL, Confirms 2024 Investment Already Written Down
Paytm has clarified that it maintains no business relationships with PPBL and has confirmed that its 2024 investment in the payments bank was already written down in company records. The statement provides transparency on the company's current operational and financial relationship with PPBL.
Jefferies Maintains Buy Rating on Paytm with Target Price of Rs 1350
Jefferies maintains Buy rating on Paytm with revised target price of Rs 1350 (down from Rs 1400), expecting ~20% revenue growth and EBITDA margin expansion through operating leverage, network expansion, faster loan origination, and new segments. Despite near-term concerns including 20-30% YTD stock decline and contribution sensitivity potentially impacting adjusted EBITDA by ~9-6%, the brokerage remains optimistic about long-term growth prospects.