monday And the domestic stock market, which closed with a good lead on Tuesday, made a flat start on Wednesday. Today the BSE Sensex opened at 81,671.47 points with a gain of 27.08 points (0.03%). Whereas, on Wednesday, NSE’s Nifty 50 index started trading at 24,965.80 points with a decline of 14.85 points (0.06%). Meanwhile, at 10.06 am, Paytm’s parent company One 97 Communications shares were trading at Rs 1233.10 with a gain of Rs 5.80 (0.47%) on BSE. Let us tell you that veteran mutual fund company Motilal Oswal has recently increased its stake in Paytm.
Paytm increased to 5.15 percent Motilal Oswal mutual fund stake
Motilal Oswal Mutual Fund has increased its stake to above 5 percent by purchasing additional shares in One 97 Communications. The Mutual Fund Company reported in an exchange filing on Tuesday that it bought 26,31,244 shares of One 97 Communications from the Open Market on August 11, increasing their share in the company by 0.41 percent. After this new purchase, the total stake of Motilal Oswal Mutal Fund Company in Paytm has increased to 5.15 percent. However, Motilal Oswal has not informed about the value of this transaction at which price he bought shares.
Company shares created a new 52 week high
These shares have been purchased through more than 20 schemes including Motilal Oswal Midcap Fund, Flexi Cap Fund, ELSS Tax Savior Fund and different ETF schemes. Let us tell you that on Tuesday, the shares of Forest 97 Communications on BSE were 4.58 percent bumper at Rs 1227.30. During the trading yesterday, Paytm shares reached Intrade High of Rs 1238.55, which became its new 52 week high. Let us tell you that the 52 week of its shares is Rs 505.25. According to BSE data, Paytm’s current market cap is Rs 78,727.65 crore.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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