Archive · 24 Jul 2025
Paytm Parent's Shares Rise After Reporting First Profit
Imagine a company called Paytm, which helps people pay for things online.
They just made their first-ever profit!
This made the company's stock price go up, even though it went down a little bit earlier in the day.
The company's stock started lower in the morning, but ended the day up almost 2%.
This means the company is now worth more money, and lots of people were buying and selling the company's shares.
It was a good day for Paytm!
One97 Communications, the parent company of Paytm, saw its shares increase by nearly 2% on Wednesday.
The rise in stock value followed the announcement of the company's first-ever consolidated net profit.
Paytm's stock initially dropped in the morning but later recovered, closing higher on both BSE and NSE.
The company's market valuation increased by over Rs 1,190 crore.
Significant trading volume occurred on both the BSE and NSE throughout the day.
- Who
- One97 Communications (Paytm)
- What
- One97 Communications' (Paytm) shares increased after reporting its first-ever profit.
- When
- Wednesday
- Where
- BSE and NSE (Indian stock exchanges)
- Why
- The increase was due to the company's announcement of its first-ever consolidated net profit.
- Company
- One97 Communications (Paytm)
- Stock Movement
- Up nearly 2%
- Net Profit
- Rs 122.5 crore (consolidated)
- BSE Close
- Rs 1,070.95
- NSE Close
- Rs 1,068.30
- Market Valuation Increase
- Rs 1,190.98 crore