Paytm stock surges to year’s high as Motilal Oswal MF hikes stake in One 97 Communications to over 5%

Shares of One 97 Communications, the parent company of fintech firm Paytm, zoomed over 0.96% to hit a 52-week high of ₹1,238 apiece on the National Stock Exchange (NSE) on Wednesday, August 20.

The surge in the stock comes after Motilal Oswal Mutual Fund acquired additional shares in One 97 Communications, which increased its total shareholding to over 5%.

According to a regulatory filing on Tuesday, various schemes of Motilal Oswal Mutual Fund acquired 26,31,244 shares of One 97 Communications through open market transactions on August 11, 2024.

This adds a 0.41% stake in Motilal Oswal MF's holding in Paytm.

The filing did not disclose the valuation of the transaction.

Following the transaction, the total shareholding of Motilal Oswal Mutual Fund in the Noida-based digital payments firm has increased from 3,02,80,155 shares (4.74%) to 3,29,11,399 shares, which corresponds to a 5.15% stake.

The shares were acquired by over 20 schemes, including the Motilal Oswal Midcap Fund, Flexi Cap Fund, ELSS Tax Saver Fund, and various ETF schemes, the filing noted.

As per the filing, the total voting capital of One 97 Communications stands at 63,81,02,551 shares.

Paytm receives RBI approval to operate as an online aggregator

In a regulatory filing dated August 12, the fintech revealed that it received “in-principle” authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.

The apex bank withdrew its previously placed restrictions that prevented Paytm from onboarding new merchants.

The company had submitted an application for the permit in March 2020.

Paytm stock performance

At around 10:49 am, the share of the company was trading 0.74% higher at ₹1,235.3 apiece on the NSE.

The stock surged 8.37% over the previous week and 13.24% since the beginning of August. It has gained 33.4% so far into the second quarter of FY26 and 21.06% on a year-to-date basis.

The scrip hit a 52-week low of ₹505.55 per equity share, almost a year ago, on August 24, 2025.

One 97 Communications has a total market capitalisation of ₹78,698.92 crore, as of August 20, 2025, as per data on the NSE.