One97 Communications Stock Update: Paytm Share Price Slips 2% After Bonus Issue Shelved
One97 Communications (PAYTM) share price is ₹1,316.90, down -2.27% in intraday trade, after the board shelved its bonus issue proposal despite strong Q1 FY27 results.
Paytm (One97 Communications Ltd.) is witnessing a downward trend in intraday trade, with its stock currently trading at ₹1,316.90. This marks a notable decline of -2.27% from its previous close of ₹1,347.50. The fintech major opened lower at ₹1,337.00 and has since seen a high of ₹1,382.40, while dipping to an intraday low of ₹1,312.10. Trading volume remains robust, with 5,044,417 shares changing hands so far, significantly surpassing its average daily trading volume, suggesting heightened market activity. HDFC Bank Stock Update: Shares Decline on Q1 Margin Concerns.
| PAYTM – Stock Updates as of (10:02AM, 21 Jul 2026) | |||
|
LTP
₹1,316.90 |
Open
₹1,337.00 |
High
₹1,382.40 |
Low
₹1,312.10 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
5,044,417 |
% Chg
-2.27% |
52-Week Context
Today's move places Paytm's stock in a delicate position relative to its annual performance. The current intraday low of ₹1,312.10 sits well above its 52-week low of ₹947.10 but remains below the 52-week high of ₹1,407.00. The stock had been trading closer to its upper annual range in recent sessions, making today's pullback significant as it tests immediate support levels and retraces some of its recent gains.
Latest Developments
The primary catalyst driving today's negative sentiment appears to be the company's decision regarding a proposed bonus issue. While One97 Communications reported a stronger-than-expected financial performance for the first quarter of fiscal year 2027 (Q1 FY27) on Monday, the board decided not to proceed with the maiden bonus share issue at this stage. The company announced a consolidated net profit of ₹220 crore for the June quarter, marking a substantial 79% year-on-year increase and surpassing analyst estimates. Revenue also climbed 28% year-on-year to ₹2,448 crore, with EBITDA surging 182% year-on-year to a record ₹203 crore. Following these impressive results, global brokerages Goldman Sachs and Citi reiterated 'Buy' ratings and raised their target prices, citing improving profitability and accelerating growth across payments and financial services. However, the market seems to be reacting negatively to the unexpected shelving of the bonus issue, which many investors might have factored into their expectations. The board has stated its intention to prioritize business growth and profitability for long-term shareholder value and may revisit the bonus proposal later. Adding to corporate transparency, Paytm also released its Monitoring Agency Report for Q1 FY27, confirming no deviations in the utilization of IPO proceeds.
Outlook
Investors will be closely watching the company's earnings conference call, scheduled for later today, July 21, 2026, from 3:30 pm IST to 04:15 pm IST, for further insights into the Q1 performance and management's future strategy, particularly regarding capital allocation and shareholder returns. The broader Indian fintech sector continues to show robust growth, with funding doubling in H1 2026, which may provide underlying support for Paytm's long-term trajectory.
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 Jul 21, 2026 10:01 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
