Shares of Paytm (One 97 Communications Ltd) came under pressure during intraday trade on Wednesday, slipping nearly 5% from the day’s opening price of ₹1,081.40. As of the latest update, the stock was trading at ₹1,029.25, down 2.07% from the previous close.
This came despite the company posting a strong Q1FY26 performance, reporting a net profit of ₹123 crore versus a loss of ₹840 crore in the year-ago period, and revenue growth of 28% YoY to ₹1,918 crore. The company also achieved operating profitability for the first time, driven by cost controls and operating leverage.
Earlier in the day, the stock touched a high of ₹1,089.00 before reversing gains. The fall from the day’s open highlights investor caution, possibly linked to valuation concerns or profit booking after the recent rally.
Trading volumes were robust, with over 83 lakh shares exchanged, and open interest stood at 5.06 crore. The average traded price for the day was ₹1,053.31.
Brokerages including Jefferies, Citi, and Bernstein have expressed confidence post-results, with Jefferies upgrading the stock to Buy and raising the target price to ₹1,250.
Disclaimer: The above information is based on market data and brokerage commentary. It does not constitute investment advice. Readers should consult their financial advisor before making any investment decisions.
