Shares of One 97 Communications Ltd., the parent of Paytm, declined on Thursday following a large block trade.
At least 192 lakh shares or 3% equity changed hands in a bunched trade, according to Bloomberg.
The stock declined as much as 8.81% intraday—the most in seven weeks since Nov. 22, 2022.
The scrip ended the day with 6.21% decline, while the benchmark Nifty 50 fell 0.21%.
Total traded volume stood at 6.6 times its 30-day average. The relative strength index is 50.7.
Out of the 12 analysts tracking the company, eight maintain a 'buy' rating, three suggest 'hold' and one recommends a 'sell' on the stock.
The return potential, as calculated by the consensus of analyst estimates, suggests an upside of 61.8% over the next 12 months, according to Bloomberg.
RECOMMENDED FOR YOU
Mexico Weighs Tariffs On China, Other Nations Without Trade Deal
Sep 04, 2025
NDTV To Raise Rs 400 Crore Via Rights Issue To Fund Expansion
Sep 04, 2025
UPI Crosses 20-Billion Transactions In A Month For First Time
Sep 01, 2025
WhatsApp Video Calling Just Got Better — Now Schedule Calls, Raise Hand To Speak
Aug 18, 2025
POPULAR