
Paytm shares jump 12% in two days; here's what fuelled rally
Paytm share price rallied 20% to hit an intra-day high of ₹669.60 on the BSE on Tuesday after some foreign brokerages recommended “Buy” rating on the stock.
Paytm share price rallied 20% to hit an intra-day high of ₹669.60 on the BSE on Tuesday after some foreign brokerages recommended “Buy” rating on the stock.
During the quarter, the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) before ESOP improved by ₹452 crore YoY.
The number of funding rounds also declined by 29% to 390 rounds in 2022 as compared to the same period in 2021.
An intelligent combination of ‘human touch’ with technology enablers will pave the way for inclusion and growth in the true sense, going forward
The fintech unicorn will launch online payment aggregator business upon the receipt of the final authorisation.
The total loan disbursements grew 357% YoY to ₹9,958 crore, while the number of loans grew 117% YoY to 0.37 crore in Q3 FY23.
On Wednesday, shares of One 97 Communications gained as much as 5.5% to hit an intraday high of ₹541.50 on the BSE.
Investors remained skeptical about buyback size and route through which the company intended to repurchase shares.
The board of Paytm has approved a share buy back plan at ₹810 apiece, a premium of 50% as compared to current market price, to encourage shareholders to sell the shares back to the company.
The BharatPe board had earlier alleged Grover and his family of “extensive misappropriation” of company funds.