Market News
2 min read | Updated on March 18, 2025, 10:27 IST
SUMMARY
With this registration, Paytm Money Limited can offer SEBI-compliant research services, including investment insights, research reports, and data-driven analysis. Following this development, shares of Paytm surged over 4.5% on Tuesday morning
Stock list
At 10:16 AM, the stock was trading at ₹721.50 per share, surging 4.73%.
With this registration, Paytm Money Limited can offer SEBI-compliant research services, including investment insights, research reports, and data-driven analysis.
“This milestone aligns with Paytm Money’s objective to expand its offerings in the investment ecosystem, enhance user experience, and provide expert-backed insights to both retail and institutional investors. These services will soon be integrated into the Paytm Money app as part of a research and advisory offering, empowering investors to make well-informed financial decisions,” the fintech firm said in a statement to the exchanges.
Following this development, shares of Paytm surged over 4% on Tuesday morning. At 10:16 AM, the stock was trading at ₹721.50 per share, surging 4.73%. Its market capitalisation stood at ₹45,912.06 crore.
Over the last five trading sessions, the stock has gained 1.61%, while for six-month periods, it has surged 6.97%. Year-to-date, the scrip has lost 27.16%.
Last month, Paytm parent One97 Communications partnered with US-based AI company Perplexity to integrate artificial intelligence-powered search capabilities into its app.
The collaboration will allow users to ask everyday questions, explore topics in their local language, and make informed financial decisions using AI-driven insights, Paytm said in a statement.
Paytm had narrowed consolidated net losses to ₹208.3 crore in the December quarter of the current fiscal year. In the year-ago period, the net loss stood at ₹219.8 crore.
Revenue from operations declined 35.8% to ₹1,827.8 crore as compared to ₹2,850.5 crore in the corresponding period last fiscal.
Its revenue from payment services stood at 1,059 crore, up 8% quarter on quarter (QoQ). Financial services revenue climbed 34% QoQ to ₹502 crore.
Paytm's merchant subscriber base for devices has grown to 1.17 crore as of December 2024, an addition of five lakh QoQ.
Last week, the Paytm board had approved the employee stock ownership plan (ESOP) of 109,995 stock options to its eligible employees.
About The Author
Next Story