FPIs, mutual funds increase stake in Paytm, stock up 18% in June quarter; Good time to buy?
The total merchant payment volume or GMV (gross merchandise value) of the company more than doubled to Rs 2.96 lakh crore year on year from Rs 1.47 lakh crore
Foreign portfolio investors and mutual funds have marginally increased stake in Paytm's parent company One97 Communications, according to a regulatory filing.
The shareholding pattern of One97 Communications for June quarter 2022-23 shows that the number of shareholders as foreign portfolio investors (FPIs) rose from 54 to 83, taking the number of shares held by them to 3,53,72,428 from 2,86,80,948 in the previous March quarter.
With this, the shareholding of FPIs in the company has gone up from 4.42 percent to 5.45 percent. The number of shareholders as mutual funds also went up from just 3 to 19, taking the number of shares held by them to 74,02,309 from 68,19,790.
Paytm's stock increased about 18 percent to Rs 675.8 in June quarter. Its shares opened at Rs 742 apiece on Wednesday morning.
During June 2022 quarter, Paytm loan disbursements jumped over 5-fold to 84.78 lakh which was 9 times higher in terms of value at Rs 5,554 crore year-on-year, reaching an annualized run rate of Rs 24,000 crore.
The total merchant payment volume or GMV (gross merchandise value) of the company more than doubled to Rs 2.96 lakh crore year on year from Rs 1.47 lakh crore.
Paytm's average monthly transacting users (MTU) in the quarter increased 49 percent to 7.48 crore from 5 crores in June quarter 2021-22.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
02:11 PM IST