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Damodaran was speaking following the listing of Arm Holdings, which soared almost 25 percent above its Nasdaq debut price on Thursday, valuing the company at $65 billion

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The number of loans disbursed jumped 47% YoY to Rs 88 Lakh for two months ended August 2023.Our loan distribution business (in partnership with large lenders) continues to witness healthy growth with total loans distributed through our platform for the quarter to date (for Jul & Aug). The company stated in regulatory filing.Paytm said it continues to strengthen its leadership in offline payments, with 87 lakh merchants now paying subscription for payment devices, an increase of 42 lakh devices in the past 12 months and 5 lakh devices in the month of August. With its subscription as a service model, the strong adoption of devices drives subscription revenues and higher payment volumes, while increasing the funnel for its merchant loan distribution.The total merchant GMV processed through its platform for quarter to date (for Jul & Aug) was Rs 3.0 Lakh crore ($36.3 billion), growing 43% y-o-y. The company said, “We continue to see increase in GMV of non-UPI instruments like EMI and cards. Growth in payments volumes drives profitability for us, through net payments margin and  or from direct upsell potential.”Average monthly transacting users (MTU) stood at 9.4 crore for quarter to date (average for July & August 2023) up 20% YoY, reflecting continued expansion of our customer base.One 97 Communications is the digital financial services firm which operates under the Paytm brand. Paytm is Indias payment super app offering consumers and merchants comprehensive payment services.The company reported reported a consolidated net loss of Rs 357 crore in Q1 FY24 as against a net loss of Rs 644.40 crore posted in Q1 FY23. Revenue from operations jumped 39.4% YoY to Rs 2,341.60 crore in the quarter ended 30 June 2023.

Paytm gains on good operating performance

 One 97 Communications has allotted 48,495 equity shares under ESOP on 04 September 2023. Consequent to aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company stand increased from Rs 634,321,371 (consisting of 634,321,371 equity shares of face value of Rs 1 each) to Rs 634,369,866 (consisting of 634,369,866 equity shares of face value of Rs 1 each)

One 97 Communications allots 48,495 equity shares under ESOP 

One97 Communications announced the launch of its latest innovation – Card Soundbox. With this, the company empowers merchants to accept both mobile and card payments across all Visa, Mastercard, American Express and RuPay networks through its iconic Soundbox with ‘tap and pay that will help merchants scale their business.With Paytm Card Soundbox, the company solves two problems for merchants — accepting card payments along with getting instant audio alerts for all payments. The launch of Paytms unique device will transform in-store payments by expanding payment acceptance for merchants by combining Soundbox with NFC or contactless debit and credit card payments with mobile payments. An industry-first solution, the new Soundbox provides both audio and visual payment confirmation through a LCD display to the merchant and the customer.Paytm Card Soundbox has a built-in ‘tap and pay functionality through which merchants can accept card payments up to &#8377;5,000. The Made in India device is powered by 4G network connectivity providing fastest payments alerts. With a 4W speaker, Paytm Card Soundbox enhances clarity of payment alerts. It has a long battery life of five days. Designed keeping the diverse merchant base in mind, the device offers alerts in 11 languages that can be changed by the merchant through Paytm for Business app. Moreover, with Paytm Card Soundbox, users with NFC-enabled smartphones can also pay through their phones using the tap feature. Paytm was the first company to launch audio-based confirmations with Paytm Soundbox, transforming in-store payments in the country. Focussed on creating technology-led innovations, the company continues to be the market leader in in-store payments with devices like Paytm Soundbox and Card Machines. After the recent successful launch of Paytm Pocket Soundbox and Paytm Music Soundbox, with Paytm Card Soundbox, the company is driving further convenience for merchants. 

One97 Communications launches Paytm Card Soundbox

Societe Generale, Morgan Stanley buy 1.57% stake in Paytm

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Jio Financial Services Ltd, HFCL Ltd, Shoppers Stop Ltd, Mahindra Holidays & Resorts India Ltd are among the other stocks to see a surge in volumes on BSE today, 25 August 2023.One 97 Communications Ltd registered volume of 229.15 lakh shares by 10:45 IST on BSE, a 142.53 fold spurt over two-week average daily volume of 1.61 lakh shares. The stock rose 1.14%  to Rs.914.50. Volumes stood at 4 lakh shares in the last session.Jio Financial Services Ltd saw volume of 102.78 lakh shares by 10:45 IST on BSE, a 8.43 fold spurt over two-week average daily volume of 12.19 lakh shares. The stock dropped 1.81%  to Rs.212.00. Volumes stood at 4.31 lakh shares in the last session.HFCL Ltd witnessed volume of 17.17 lakh shares by 10:45 IST on BSE, a 4.72 times surge over two-week average daily volume of 3.64 lakh shares. The stock increased 2.63%  to Rs.70.90. Volumes stood at 7.22 lakh shares in the last session.Shoppers Stop Ltd witnessed volume of 26888 shares by 10:45 IST on BSE, a 4.67 times surge over two-week average daily volume of 5762 shares. The stock dropped 11.15%  to Rs.721.00. Volumes stood at 3908 shares in the last session.Mahindra Holidays & Resorts India Ltd witnessed volume of 68103 shares by 10:45 IST on BSE, a 2.56 times surge over two-week average daily volume of 26607 shares. The stock increased 2.56%  to Rs.406.50. Volumes stood at 41401 shares in the last session.

Volumes spurt at One 97 Communications Ltd counter

On August 25, Global research and broking firm Bernstein initiated coverage on Paytm owner One97 Communications Ltd with “outperform” rating and set a target price of Rs 1,100 a share

Paytm shares gain over 1% after huge block deal

The floor price for the deal is likely to be at a discount of Rs 880.10 per share

Antfin likely to sell 3.6% stake in Paytm via block deal tomorrow: Report

Bernstein has a target price of Rs 1,100 for Paytm, 31 percent higher from the current market price. SBI Card’s target price is at Rs 650, down 22 percent from its current market price

Bernstein initiates Paytm coverage with 'outperform' rating, 'underperform' for SBI Card

One 97 Communications Ltd. engages in the development of digital goods and mobile commerce platform. It operates through the following segments: Payment, Commerce, Cloud, and Others. The company was founded by Vijay Shekhar Sharma on December 22, 2000 and is headquartered in Noida, India.

Watchers	5,152
52-Wk Low	438.35
52-Wk High	938.65

Market Cap	541.13B
Volume (M)	673,933.00
52-Wk High	938.65
52-Wk Low	438.35

PAYTM.NSE One 97 Communications Ltd.

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