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HomeSHARE MARKET91 Lakh Shares Worth 380 Crore Sold By Mutual Funds; Hit Lower...

91 Lakh Shares Worth 380 Crore Sold By Mutual Funds; Hit Lower Circuit; What’s Next?

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One 97 Communications Ltd (NSE: PAYTM) Share: 6 mutual funds exited Paytm owner One97 Communications Ltd in February by selling their entire stake. There were 6 mutual funds which have reduced their stake significantly. 

Overall, mutual funds sold over 91 lakh shares worth Rs 380 crore. Due to the restrictions put in place by the RBI in the case of Paytm Payments Bank the stock of Paytm saw a massive drop.

Currently, 18 mutual funds hold shares of Paytm worth Rs 1426 crore. In January, 24 mutual funds held shares worth less than Rs 3,384 crore.

Which MF Sold How Many Crores?

Talking about 6 mutual funds exiting from Paytm, Mahindra Manulife Mutual Fund bought 15.16 lakh shares, Quant Mutual Fund bought 6.13 lakh shares, Bajaj Finserv MF bought 2.1 lakh shares, JM Financial MF bought 1.67 lakh shares, Union MF bought 1.15 lakh shares

Baroda BNP Paribas MF has completed the sale of Paytm shares through the sale of 17,000 shares.

A brokerage firm MF has sold 27.14 lakh shares worth Rs 113 crore in Paytm. Aditya Birla Sun Life sold over 15 lakh shares valued at around 63 crore rupees.

UTI sold shares worth about Rs 47 crore, Franklin Templeton about Rs 29 crore, Quant about Rs 26 crore, and Nippon sold shares worth Rs 16 crore.

Paytm Stock Fell More Than 50% In February

Paytm stock fell more than 50 percent in February after RBI action. The RBI cited several loopholes, including cross-border transactions, raising money-laundering concerns.

Recently, Macquarie downgraded One97 Communications to “underperform” and cut the target price to Rs 275 from Rs 650.

Present Cost For Paytm Share

On March 13, Paytm’s shares fell by about 5 percent on BSE, although the lower circuit has not been reached yet. The circuit limit for the upper and lower price bands of Paytm shares is 5 percent. 

The share closed at Rs 350.95. The market capitalization of this company dropped to around ₹ 22,240 Cr.

About One 97 Communications Ltd (Paytm)

One 97 Communications Limited owns and manages the Paytm brand. Its divisions include Payment, Commerce, Cloud, and more. 

The Company is in the business of providing financial and payment services. This includes the services of payment facilitators that facilitate loans to merchants and consumers, merchants and consumers, and managing wealth. 

The Company is also involved in providing cloud and commerce services, which consist primarily of an aggregator for digital goods and ticketing businesses, offering messages and voice platforms to telecom operators, enterprises, and other companies.

The company provides a range of services, like internet banking as well as Paytm payment tools such as wallet, Paytm postpaid (BNPL) for online payment of mobile recharges utilities rent, and education, wallet top-ups, and money transfers through the Paytm application.

Fundamental Analysis of One 97 Communications Ltd

Market Cap₹ 22,360 Cr.
Current Price₹ 352
52-wk High₹ 998 
52-wk Low₹ 318
Stock P/E
Book Value₹ 196
Dividend0.00 %
ROCE-13.5 %
ROE-13.9 %
Face Value₹ 1.00
P/B Value1.76
OPM-11.5 %
EPS₹ -17.6
Debt₹ 192 Cr.
Debt to Equity0.02

One 97 Communications Ltd (Paytm) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 400₹ 695
2025₹ 1000₹ 1247
2026₹ 1389₹ 1425
2027₹ 1560₹ 1749
2028₹ 1859₹ 1980
2029₹ 2159₹ 2389
2030₹ 2400₹ 2500
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One 97 Communications Ltd Shareholding Pattern

FII Holding
Dec 202272.80%
Mar 202371.83%
June 202372.11%
Sept 202360.92%
Dec 202363.72%
DII Holding
Dec 20221.87%
Mar 20233.19%
June 20233.54%
Sept 20234.05%
Dec 20236.07%
Public Holding
Dec 202225.32%
Mar 202324.98%
June 202324.35%
Sept 202335.02%
Dec 202330.22%
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One 97 Communications Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,050 Cr
2020₹ 3,115 Cr
2021₹ 2,667 Cr
2022₹ 3,892 Cr
2023₹ 7,767 Cr

Last 5 Years’ Net Profit:

2019₹ -3,960 Cr
2020₹ -2,833 Cr
2021₹ -1,560 Cr
2022₹ -2,325 Cr
2023₹ -1,113 Cr

Last 5 Years’ Debt-To-Equity Ratio:

2019
2020
2021
20220
20230
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Last 10 Years’ Profit Growth:

10 Years:
5 Years:-5%
3 Years:9%
Current Year:53%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:-27%
3 Years:-18%
Last Year:-14%

Sales Growth Over 10 Years:

10 Years:
5 Years:15%
3 Years:25%
Current Year:47%

Conclusion

This article is a complete guide about One 97 Communications Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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