Paytm share: One 97 Communications Ltd (NSE: PAYTM) share is seeing heavy buying on Tuesday. The company’s share climbed up to 10% on 10th September. The company’s share had reached Rs 654.55 on Tuesday.
The share of One 97 Communications Ltd, the parent company of the fintech giant Paytm has risen. Paytm’s share price has climbed up to 14% in a week and over 33% in a month.
Paytm stock price has risen over 74% in the last three months. Apart from this, the Paytm share price is now about 121% higher than its 52-week high of Rs 310 on May 9, 2024.
We’re pleased to inform you that last week Paytm declared that it has received permission from the Ministry of Finance to invest in its business of payment services.
Following this acceptance, Paytm Payments Services Limited (PPSL) will now apply for a payment aggregator.
Table of Contents
Expert’s Advice
Analysts believe that One 97 Communications Ltd share remains good on the charts of technical analysis.
However, shortly it may face obstacles in the areas of Rs 710 to Rs 730. On breaking this resistance, the price of Paytm shares can touch Rs 800.
An expert stated, “Those who are looking at the future from a long-term perspective could hold the stock to an investment of up to Rs 800 or more, keep a stop loss lower than the level of closing on the previous day, and keep buy-on-dips in place on any major drop of Paytm share prices.”
Let us tell you that it has fallen by 27.82% in the last one year. Its 52-week high price is Rs 998.30. The company’s market cap is Rs 42,908.22 crore.
Quick Fact
| Company name | Paytm (One 97 Communications) |
|---|---|
| Market Cap | ₹42,908.22 crore |
| Recent Gain | 10% on 10th September |
| Share reached | Rs 654.55 on Tuesday |
| Weekly Gain | 14% |
| Monthly Gain | 33% |
| 3-Month Gain | 74% |
| Higher than 52-week low | 121% |
| 52-week high | Rs 998.30 |
| 52-week low | Rs 310 |
| Resistance Range | ₹710 to ₹730 |
| Possible Target Price | ₹800 |
| Recent Permission | Payment services investment from the Ministry of Finance |
| Next Step | Apply for a payment aggregator |
| Stop Loss Advice | Lower than the previous day’s closing |
| Long-Term Advice | Hold and buy on dips |
| Last Year’s Loss | -27.82% |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
