One 97 Communications Stock Update: Share Price Gains on Profitability & New UPI MDR

One 97 Communications Ltd. (PAYTM), the parent entity behind the popular fintech platform, is witnessing robust buying interest in today's session, with its share price currently trading at ₹1,755.00. This marks a positive move of +1.45% from its previous close of ₹1,730.00. The stock opened higher at ₹1,830.00 but has seen some intraday consolidation, trading within a range of ₹1,737.40 (low) and ₹1,855.50 (high). Volume is notably elevated today, with over 7.36 million shares already changing hands, indicating strong participation and investor attention.

52-Week Context

While official 52-week high and low figures for PAYTM's relatively recent listing might still be consolidating in some market data systems, the stock had notably touched a fresh 52-week high of ₹1,832.85 just yesterday, on September 15, 2026. Today's positive move keeps the counter comfortably above recent support levels, building on the strong momentum that saw it gain 45.02% over the past year from its 52-week low of ₹947.10. The current trading action suggests that investors are keen to re-rate the stock following a flurry of positive news.

Latest Developments

The primary drivers behind PAYTM's positive intraday performance appear to be a combination of strong financial results, a new regulatory framework impacting UPI transactions, and a bullish analyst call. One 97 Communications reported its first full year of profitability for FY26, posting a profit after tax (PAT) of ₹552 crore, marking a significant ₹1,215 crore turnaround from a loss in FY25. Revenue from operations also saw a healthy 22% year-on-year increase to ₹8,437 crore. The company's 26th Annual General Meeting (AGM), held yesterday, September 15, 2026, further saw shareholders approve a strategic variation in the utilisation of Initial Public Offer (IPO) proceeds, redirecting ₹1,686 crore to strengthen the core Paytm ecosystem.

Adding to the positive sentiment, the company recently announced robust Q1 FY27 financial performance, with consolidated net profit surging by 79% year-on-year to ₹220 crore, and operating revenue climbing 27.6% year-on-year to ₹2,448 crore.

Furthermore, the National Payments Corporation of India (NPCI), in conjunction with the Government of India, has introduced a new Merchant Discount Rate (MDR) framework. Effective October 15, 2026, a 0.4% MDR will be levied on person-to-merchant UPI payments exceeding ₹2,000. This landmark decision is expected to unlock a significant and high-margin revenue stream for fintech app aggregators and banks, directly boosting prospects for payment service providers like One 97 Communications. Paytm itself expects this change to generate additional revenue from its merchant business on transactions that were previously free.

These fundamental improvements and revenue opportunities have been acknowledged by market experts. Motilal Oswal's Chandan Taparia, for instance, recommended One 97 Communications (Paytm) shares as a "buy" in his stock picks for September 15, 2026.

Outlook

Investors will be closely watching for further clarity on the financial impact of the new UPI MDR framework as it rolls out in October, alongside continued execution on the company's profitability roadmap. Any additional analyst upgrades or corporate announcements regarding strategic initiatives could further influence the stock's trajectory for the remainder of the session.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Sep 16, 2026 09:41 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).