Paytm share price

Paytm Share Price Today live Update: Paytm Stock Climbs in Today Trading.

May 27, 2024 by Nitesh Leave a Comment

Paytm Share Price Today Live Updates: Today, May 27, 2024, the Paytm stock price increased by 4.46%. The stock ended at 340.95 per share. The stock is now trading at 356.15 per share. Investors should closely monitor the Paytm stock price in the next days and weeks to see how it responds to the news.

Paytm Share Price Today Live Updates: On the final day, Paytm opened at ₹353.25, achieved a high of ₹354, and finished at ₹356.2, with a low of ₹339. The market capitalization for the day was ₹21,677.35 crore. Paytm’s 52-week high was ₹998.3, while the low was ₹310. The BSE volume for Paytm was 223,140 shares traded.

Paytm Share Price Live Updates: Simple Moving Average

Days	Simple Moving Average
5 Days	352.64
10 Days	348.13
20 Days	353.52
50 Days	379.37
100 Days	477.83
300 Days	663.39

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Paytm trading at ₹356.15, up 4.46% from yesterday’s ₹340.95

Paytm Share Price Today Live: The current market price of Paytm has surpassed the initial resistance of ₹350.58 (calculated from classic pivot table) on a daily time frame, indicating a positive advance. However, traders should monitor for potential reversals from ₹360.47. If the stock price breaks the second resistance of ₹360.47, it could lead to additional bullish price action.

Volume traded till 11 AM is 45.34% higher than yesterday

Paytm’s share price increased by 4.08% to ₹354.85, with a 45.34% rise in trading volume compared to yesterday. Volume traded, when combined with price, is an important indication for trend analysis. A positive price trend followed by rising volume suggests a long-term upward movement, whereas a negative price trend with increased volume may imply additional price falls.

Hourly Price Movement Update

Paytm Share Price Today Live: The stock price has fluctuated between 356.6 and 350.6 points in the last hour. Traders should adopt rangebound trading methods, such as buying at 350.6 and selling at 356.6.
The hourly support and resistance levels to observe over the next hour are listed below.

Resistance Levels	Price	Support Levels	Price
Resistance 1	356.83	Support 1	352.48
Resistance 2	359.57	Support 2	350.87
Resistance 3	361.18	Support 3	348.13

Paytm trading at ₹354.3, up 3.92% from yesterday’s ₹340.95

Paytm Share Price Today Live: Stock Peers

Paytm Share Price Today Live: Today, the price of Paytm shares increased by 4.19% to reach ₹355.25, while its peer companies are experiencing mixed results. Poonawalla Fincorp, Mahindra & Mahindra Financial, and Creditaccess Grameen are all declining, whereas Cholamandalam Financial Holdings, another peer of Paytm, is showing an upward trend. In general, the benchmark indices Nifty and Sensex have seen increases of 0.18% and 0.26% respectively.

Name	Latest Price	Change	% Change	52W High	52W Low	Mkt. Cap (cr)
Poonawalla Fincorp	455.05	-3.3	-0.72	519.95	331.7	35063.88
Mahindra & Mahindra Financial	270.45	-0.7	-0.26	346.4	243.9	33383.97
One 97 Communications	355.25	14.3	4.19	998.3	310.0	22593.9
Creditaccess Grameen	1378.65	-14.55	-1.04	1794.4	1169.8	21972.51
Cholamandalam Financial Holdings	1124.1	4.25	0.38	1282.75	781.75	21108.06

Paytm Share Price Live Updates: Consensus analysts rating is Hold

Paytm Share Price Live Updates: The analyst recommendation trend is shown below with the current rating as Hold.

The median price target is ₹555.0, 55.77% higher than current market price.
The lowest target price among analyst estimates is ₹275.0
The highest target price among analyst estimates is ₹1320.0

Ratings	Current	1 Week Ago	1 Month Ago	3 Months Ago
Strong Buy	2	3	3	4
Buy	2	1	1	1
Hold	5	4	4	3
Sell	4	4	3	2
Strong Sell	3	3	3	3

Volume traded till 10 AM is -20.07% lower than yesterday

Paytm Stock Price Live Updates: At 10 AM, the volume of Paytm transactions was 20.07% lower than yesterday, and the price was ₹357.9, down 4.97%. Volume traded, together with price, is an important measure for analysing trends. A positive price trend coupled by rising volume indicates a long-term upward movement, whereas a negative price trend with increased volume may imply a further decline in prices.

Paytm Share Price Live Updates: Stock Peers

Paytm Share Price Live Updates: Today, the share price of Paytm rose by 2.51% to reach ₹349.5, outperforming its peers. Poonawalla Fincorp, Mahindra & Mahindra Financial, and Creditaccess Grameen saw a decline in their share prices, while Cholamandalam Financial Holdings, another peer of Paytm, experienced an increase. In general, the benchmark indices Nifty and Sensex rose by 0.21% and 0.07% respectively.

Name	Latest Price	Change	% Change	52W High	52W Low	Mkt. Cap (cr)
Poonawalla Fincorp	455.75	-2.6	-0.57	519.95	331.7	35117.82
Mahindra & Mahindra Financial	268.25	-2.9	-1.07	346.4	243.9	33112.41
One 97 Communications	349.5	8.55	2.51	998.3	310.0	22228.2
Creditaccess Grameen	1383.65	-9.55	-0.69	1794.4	1169.8	22052.19
Cholamandalam Financial Holdings	1126.95	7.1	0.63	1282.75	781.75	21161.58

Paytm Share Price Today Live: Price Analysis

Paytm Share Price Today Live: The Paytm share price has increased by 1.04% and is currently trading at ₹344.50. However, over the past year, Paytm shares have experienced a significant decrease of -52.22% to ₹344.50. In contrast, the Nifty index has seen a rise of 24.10% to 22,957.10 during the same one-year period.

Time Period	Price Analysis
1 Week	-0.38%
3 Months	-18.9%
6 Months	-61.8%
YTD	-46.35%
1 Year	-52.22%

Paytm Share Price Today Live: Paytm closed at ₹356.2 on last trading day & the technical trend suggests Bearish near term outlook

The stock traded in the range of ₹354 & ₹339 yesterday to end at ₹356.2. The stock is currently experiencing a strong downtrend

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India defers approval of Paytm Investment in its payments arm, sources say.

April 29, 2024 by Nitesh Leave a Comment

Paytm Share Price: April 16, NEW DELHI (Reuters) – Three government officials and a document seen by Reuters claim that India has postponed approving Paytm’s 500 million rupees ($6 million) investment in its Paytm Payment Services division, partly because of worries over a Chinese stake in the parent business.
After the central bank ordered One 97 Communications (PAYT.NS), to open a new tab, to wind down its payments bank in January, the company—also known as Paytm—is already being investigated by India’s banking regulator and financial crime-fighting agency. This, according to the sources, was an additional reason for the postponement.

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To obtain the payment aggregator license required to take online payments, Paytm Payments Services had to apply for regulatory clearance for the investment it had already made in its recently formed payments gateway subsidiary last year.
Because China-based Antfin (Netherlands) Holdings owns a 9.88% share in Paytm, the investment needs to be approved by a government panel that includes officials from India’s ministries of finance, industry, and home affairs. The foreign office will provide input to this group.

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According to the authorities and the paper, the foreign ministry rejected the investment for “political grounds”; hence, the decision was postponed even though the Ministry of Home Affairs had approved it in January.

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According to one source, the government, which needs to approve all investments coming from the nation or made in businesses with Chinese shareholders, has expressed concern over the entity’s Chinese ownership.

Since the approval was sought after investing, a penalty on Paytm would be imposed, the document showed, without specifying the amount.

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“We have received no communication that the investment proposal has been deferred or that a penalty is proposed to be imposed,” Paytm told Reuters.

“In the absence of any such information, any notion of the proposal being deferred due to lack of clarity on Chinese holding and a penalty on Paytm is entirely false and misleading,” the company said.

India’s foreign, home, finance, and industries ministries did not reply to emails seeking comment.

There was no indication of how long the decision had been deferred, nor what may be necessary to secure approval.

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Paytm Payment Services’ turnover accounted for a quarter of Paytm’s consolidated revenue from operations in 2022/23, according to its last annual statement.

While Paytm was already offering online payment services, the need for the payment aggregator license arose after the regulator asked for the business to be transferred to an independent legal entity – Paytm Payments Services.

If approval of the investment is withheld, Paytm would have to withdraw the funds from Paytm Payment Services, another of the sources said.

Tech Mahindra paid a 560% dividend, but its Q4 profit fell short of expectations.

Reuters could not ascertain whether the deferral of the investment approval would mean Paytm Payment Services would need to stop offering online payment services.

($1 = 83.3199 Indian rupees)

Paytm share price rallies 5% after Vijay Shekhar Sharma resigns from Paytm Payments Bank board!

February 27, 2024 by Nitesh Leave a Comment

Paytm said it has withdrawn its nominee from the Paytm Payments Bank Board and Vijay Shekhar Sharma has stepped down as Part-Time non-executive Chairman and Board member to enable the reconstitution of the board.

Paytm share price rallied 5% in early trade on Tuesday after its founder Vijay Shekhar Sharma resigned from the board of its associate Paytm Payments Bank. Paytm shares opened more than 3% lower, but rebounded sharply within minutes of opening and gained as much as 4.99% to ₹449.30 apiece on the BSE.

One97 Communications, the parent company of Paytm said it has withdrawn its nominee from the Paytm Payments Bank Board and Vijay Shekhar Sharma has stepped down as Part-Time non-executive Chairman and Board member to enable the reconstitution of the board.

The Reserve Bank of India (RBI) has imposed major restrictions on Paytm Payments Bank, restricting it from accepting fresh deposits and doing credit transactions after March 15.

With the latest move, Sharma is sending a message to the regulator that he is willing to give up control of Paytm Payments Bank, according to the brokerage firm Macquarie, CNBC-TV18 reported, The brokerage firm does not expect the RBI to authorise any related-party transactions between Paytm and Paytm Payments Bank hereon.

If Paytm Payments Bank is allowed to carry out operations, it will provide addition to profitability for Paytm, Macquarie said.

It has maintained an ‘Underperform’ rating on Paytm with a target price of ₹275 per share.

The newly reconstituted board of Paytm Payments Bank Ltd (PPBL) includes former chairman of Central Bank of India Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former executive director of Bank of Baroda Ashok Kumar Garg, and retired IAS Rajni Sekhri Sibal.

Additionally, the board has former Executive Director of Punjab & Sind Bank Shri Arvind Kumar Jain as Independent Director and Surinder Chawla, MD & CEO at Paytm Payments Bank, the company said in a release.

Meanwhile, the National Payments Corporation of India (NPCI) is examining a request by One 97 Communication to become a Third-Party Application Provider (TPAP) for the UPI channel, for the continued operation of the Paytm UPI app, reports said.

If approved, this would allow Paytm to continue processing payments via UPI, but will need a set of newly identified banks to back the app.

At 9:30 am, Paytm shares were trading 0.65% higher at ₹430.75 apiece on the BSE.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

This Article Was Originally Published on Hindustantimes.News!

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