Ace investor Akash Bhansali increased his holding in One 97 Communications in the June-ended quarter to 1.21% according to the shareholding data available on the BSE.
Apart from One 97 Communications — the company which operates Paytm — Bhanshali publicly holds 19 other stocks with a net worth of over Rs 5,980.4 crore, Trendlyne data said.
Shareholding of individual investors who have 1% or higher stake in a stock is reflected in the public shareholding of a company.
Retail investors’ shareholdings jumped by 1.30% from 15.32% in the March-ended quarter to 16.56% in the April-June quarter in Paytm.
Shareholding of domestic mutual funds also grew by 0.65% to 6.80% in Q1 FY 2025 versus 6.15 recorded in Q4FY24. MFs Nippon Mutual Funds and Mirae Mutual Funds, which held 1.66% and 3.76%, respectively, in the March quarter raised their stakes to 1.76% and 3.92%, respectively.
However, not everybody was a buyer as foreign direct investments (FDIs) fell by 2% in the June quarter to 37.77% versus 39.7% in the March quarter. SoftBank arm SVF India Holdings (Cayman) Limited’s shareholding has come down below 1%.
The stock has been on a rollercoaster ride since February following a Reserve Bank of India\’s (RBI’s) embargo on Paytm Payments Bank. The regulator ordered Paytm to stop all forms of banking services — including accepting deposits and processing of payments.
The stock has reversed some of its losses after hitting a 52-week low of Rs 310. On Friday, it had ended at Rs 465.20 on the NSE, down by Rs 15.05 or 3.13% over the last closing price.
Fintech major Paytm\’s losses widened to Rs 550 crore in the fourth quarter ended March 2024. The same stood at Rs 169 crore in the last year quarter. Revenue from operations in the reporting quarter fell 3% year-on-year (YoY) to Rs 2,267 crore, compared with Rs 2,334 crore in the same quarter of the previous year.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}
.onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}
#sr_widget.onDemand .sr_desc{margin:0 auto 0;}
#sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}
#sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}
#sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}
#sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
