One 97 Communications Stock Update: Share Price Plunges Over 6% on RBI Action
One 97 Communications (PAYTM) share price is ₹1,624.00, down 6.24% today, as RBI cancels Paytm Payments Bank's license. The company clarified it has no material business exposure.
One 97 Communications Ltd (NSE: PAYTM) shares are witnessing significant selling pressure in Thursday's intraday trade, currently trading at ₹1,624.00, down 6.24% from its previous close of ₹1,732.00. The stock opened lower at ₹1,671.00, which also marked its intraday high, before swiftly plumbing an intraday low of ₹1,558.80. Volume is surging, with over 6.59 million shares already changing hands, indicating strong investor reaction to recent developments.
| PAYTM – Stock Updates as of (9:54AM, 08 Oct 2026) | |||
LTP ₹1,624.00 | Open ₹1,671.00 | High ₹1,671.00 | Low ₹1,558.80 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 6,593,970 | % Chg -6.24% |
52-Week Context
Today's sharp decline places PAYTM significantly off its 52-week high of ₹1,855.50, recorded recently. The stock's 52-week low stands at ₹930.60. The current price point is testing key intermediate support levels as the stock retreats from its higher annual range, potentially signalling a shift in investor sentiment following recent news.
Latest Developments
The primary catalyst driving PAYTM's current downward trajectory is the Reserve Bank of India's (RBI) recent decision to cancel the banking license of Paytm Payments Bank (PPBL) and its subsequent removal from the list of recognised scheduled banks. The RBI cited non-compliance with norms and operations deemed detrimental to depositor interests for its action, which was published in the Gazette of India in September and officially delisted today.
One 97 Communications, the parent entity of PAYTM, has quickly moved to clarify the situation, stating that it has no material business exposure to Paytm Payments Bank and does not offer services in partnership with the entity. The company further emphasised that PPBL operates independently, with no overlap in board structure, and that its ₹227 crore investment in the payments bank had already been fully impaired by the end of FY2023-24, suggesting the financial impact was already accounted for in its books.
This negative regulatory development comes despite a recent positive analyst call. Just yesterday, global brokerage Investec named One 97 Communications Ltd. among its 'Quarterly Alpha' picks, maintaining a 'Buy' rating with a target price of ₹2,300. Investec had anticipated a 78% jump in EBITDA and a 28% rise in net revenue for the quarter ending September, driven by strong GMV growth and momentum in its financial services business. However, the immediate market reaction clearly indicates that the regulatory action on Paytm Payments Bank is overshadowing these positive projections.
Outlook
Investors will be closely watching for further clarifications from One 97 Communications regarding the long-term implications of PPBL's delisting on its broader ecosystem and business operations. The market will also assess if the company's efforts to distance itself from the payments bank are sufficient to allay investor concerns. For the remainder of the session, the stock’s ability to stabilise above its intraday low will be crucial.
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 Oct 08, 2026 09:53 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
