Paytm share price: Shares of One97 Communications, the parent company of payment aggregator Paytm, saw a decline of 8 percent today on January 8. This stock fell 8.20 percent on BSE. 902.05 It closed at a price of Rs. Actually, according to NPCI data, there has been no increase in Paytm’s UPI market share in December. Due to this news, the company’s shares are being sold today. With today’s fall, the market cap of the company has come down to Rs 57619 crore.
Paytm’s UPI market share did not increase
UBS report states that according to NPCI (National Payments Corporation of India) data, there has been no increase in Paytm’s UPI market share in December. Despite getting approval to add customers in October, Paytm’s share in the UPI market has almost halved, falling from 10 percent at the beginning of 2024 to just 5.5 percent by the end of the year.
Even during the October-November period, Paytm’s market share remained stable at 5.5 percent. Paytm’s monthly transacting users (MTU) have also declined by about 10 crore, from 16.8 crore at the beginning of 2024 to 6.8 crore by the end of September 2024.
Brokerage opinion on Paytm shares
UBS analysts stressed that MTU growth is important for B2C offerings. He maintained “Neutral” rating on Paytm and set a target price of Rs 1000 per share. Paytm is covered by 17 brokerage firms, of which 6 have a “Buy” recommendation, 6 have issued a “Hold” rating, and 5 have a Sell recommendation.
In a recent note, Mirae Asset Capital Markets estimated Paytm to achieve breakeven net profit level by Q4FY26 due to higher contribution to its revenue from financial services. Regulatory issues reduced monthly transactions (71 million in Q2FY25 vs 100 million in Q3FY24), but Paytm’s merchant base has remained stable at 42 million despite strategic efforts to retain existing merchants on its platform.
Talking about the upcoming quarter, Motilal Oswal analysts have estimated a 10 percent quarter-on-quarter growth in Paytm’s gross merchandise value (GMV) in Q3FY25, which will increase to Rs 4.9 lakh crore. They expect 8% quarterly growth in revenue to Rs 1,800 crore and 14% quarterly growth in contribution profit to Rs 1,012 crore in Q3FY25. Earlier, Paytm reported a consolidated profit of Rs 928.3 crore in Q2FY25, boosted by the sale of its movie ticketing and events business to Zomato.
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