One 97 Communications which operates payments platform Paytm, is expected to report a net loss between Rs 1,013 crore and Rs 840 crore for the quarter ended June 2024 according to estimates by a couple of brokerages. The revenue for the reporting quarter is expected in the range of Rs 1,532 crore and Rs 1,490 … Read more
Shares of the crisis-ridden One 97 Communications, which runs Paytm, was back on the losing road on Thursday as the two-day ‘buy the dip’ rally fizzled out, taking the stock back to 10% lower circuit limit at Rs 447 on BSE. Fresh comments from RBI officials that the action against Paytm was taken after persistent … Read more
The December quarter earnings were a mixed big, but an analysis of the bottomline performance of the companies showed that as many as 41 of them reported a loss for the fourth straight quarter. The analysis by ETMarkets was done on companies with a minimum market capitalisation of Rs 500 crore. The new-age technology companies, … Read more
Small investors, as suggested by individuals holding up to Rs 2 lakh worth of share, were seen raising stake in five new age companies in March quarter, even as institutional investors cut their stake in them amid a sharp fall in value of such stocks. All the five companies later reported a deterioration in the … Read more
NEW DELHI: Goldman Sachs forecast a 70 per cent YoY topline growth for One 97 Communications (Paytm) in the December quarter against September quarter’s 64 per cent growth. The foreign brokerage said the trend of market share gain for the company in the payment vertical would continue. Paytm will report quarterly earnings on February 4. … Read more