• Source:JND
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Paytm Share:  Mutual fund houses and Institutional investors have started showing faith in the shares One97 Communication, Paytm's parent company, as they have increased their stake. In the July-Setember period, Institutional investors escalated their holding in the fintech stock. Paytm shares have performed well during this period as well.

The price of Paytm shares was Rs 402.20 at the end of the first quarter of the current financial year (June 30, 2024), and the stock closed at the level of Rs 688.35 on the BSE at the end of the second quarter (September 30, 2024). That is, the price of the company's shares has increased by 71 per cent during these three months and currently, it is trading at a level of Rs 726 per share (14.10.2024).

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Mutual Funds increase stake

Mutual funds had a total stake of 6.80 per cent in Paytm at the end of the June quarter and they held 4.32 crore shares of Paytm. At the end of the second quarter, the share of mutual funds increased to 7.86 per cent and Mutual fund companies now hold about 5 crore shares of Paytm. This development is a booster for the company. With the increasing confidence of institutional investors, retail investors are also attracted to the company's shares.

Nippon Mutual Fund hikes stake

Nippon Mutual Fund has increased its stake in Paytm, in the first quarter, Nippon held 1.11 crore shares of the company, Which became 1.44 crore after the end of the second quarter. As a result, their stake in the company increased from 1.76 per cent to 2.27 per cent. Mirae Mutual Funds has also increased its stake as its stake in the company has now increased to 4.49 per cent.

Paytm Share Price Today

The company's shares opened at Rs 730 on the BSE today and touched an intra-day high of Rs 735.80 thereafter. However, Paytm's stock declined later. Paytm's 52-week high is Rs 998.30 and the 52-week low is Rs 310.

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