Paytm Sees Increased Mutual Fund Interest in Q2FY25, Stock Soars 70%
During Q2FY25, mutual funds raised their stake in Paytm from 4.32 crore shares (6.80%) to 5 crore shares (7.86%), indicating increasing institutional belief in the company's long-term potential as its stock delivered a 71% return during this period
In a notable shift during the second quarter of FY25, mutual funds have significantly boosted their stake in One97 Communications, the parent company of Paytm. This surge in holdings reflects growing institutional confidence in the digital payments leader, with the company’s stock experiencing an impressive 71% return over the period from July to September.
Key Highlights:
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Stake Increase: Mutual funds raised their shareholdings in Paytm from approximately 4.32 crore shares (6.80%) at the end of Q1FY25 to 5 crore shares (7.86%) by the end of Q2FY25. This 15% increase underscores heightened institutional belief in Paytm's long-term growth trajectory.
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Stock Performance: At the close of Q1FY25 on June 30, 2024, Paytm's stock was priced at ₹402.2. By September 30, 2024, the share price had skyrocketed to ₹688.35, marking a remarkable 71% increase.
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Market Capitalization: As of October 14, 2024, Paytm's market capitalization stood at ₹45,838 crore, with its share trading at ₹720, down slightly by 0.57% on the day.
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Mutual Fund Contributions: Notably, Nippon Mutual Funds increased its holdings from about 1.11 crore shares (1.76%) in Q1 to 1.44 crore shares (2.27%) in Q2. Similarly, Mirae Mutual Funds raised its stake from approximately 2.29 crore shares (3.92%) to 2.85 crore shares (4.49%).
Conclusion
The rising stake of mutual funds in Paytm indicates a strong institutional endorsement of the company’s future prospects. With its stock performance reflecting significant gains, Paytm continues to attract the attention of investors looking for opportunities in the digital payments sector. As we move forward, all eyes will be on how this momentum translates into sustained growth for the company.
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