Brokerage firm JM Financial has reaffirmed its positive view on payments major Paytm, stating that the company continues its "track record of delivering better-than-expected profits for another quarter."
The share price of Paytm is trending at Rs 451 mark, a 1.13 per cent rise during the day trade. Shares of One 97 Communications, closed at Rs 445.30 apiece at the end of day trade on Thursday.
One 97 Communications, that operates popular fintech brand Paytm, reported a 25 per cent rise in revenue at Rs 9,978 crore in the just concluded financial year 2023-24.
In Q4FY23, the company's revenue surged by 51 per cent YoY to reach Rs 2,334 crore, while the full-year revenue increased by 61 per cent YoY to Rs 7,990 crore.
Fintech solutions provider One 97 Communications, which operates the popular payment platform Paytm continues to dominate the payments landscape in India.