Paytm's Shares Hit New High as Motilal Oswal Increases Stake
Shares of One 97 Communications, the parent of Paytm, soared to Rs 1,238, marking a 52-week high after Motilal Oswal Mutual Fund increased its stake to over 5%. The fund acquired 26.31 lakh shares, raising its total holdings to 3.29 crore shares. This investment signifies renewed interest in fintech amid regulatory challenges for Paytm. The company also reported a strong turnaround in Q1FY26, posting a net profit of Rs 122.5 crore, a stark contrast to last year’s loss of Rs 839 crore. Revenue surged 28%, driven by more subscription-based merchants and enhanced financial services.
