Fri Mar 07 06:00:00 UTC 2025: **Paytm Stock Slides Despite Narrower Quarterly Loss; ED Notice Weighs**
MUMBAI, INDIA – Paytm’s parent company, One 97 Communications Ltd, saw its shares trade marginally higher at Rs 707.15 on Friday, despite a 28.40% year-to-date decline in 2025. The slight uptick comes amidst a Rs 611.17 crore show-cause notice issued by the Enforcement Directorate (ED) for alleged FEMA violations.
Paytm has assured customers and merchants that its services remain unaffected by the ED investigation. However, analysts remain largely bearish on the stock’s short-term prospects. Technical analysis suggests support levels around Rs 650-680 and resistance at Rs 730-735. Some analysts predict a further decline if the stock closes below Rs 683, while others see potential upside if it breaks above Rs 735.
Despite the ED investigation and bearish sentiment, Paytm reported a narrowed net loss of Rs 208 crore for the December 2024 quarter, compared to Rs 222 crore in the same period last year. However, revenue significantly dropped 36% year-on-year to Rs 1,828 crore. The company’s future performance will likely depend on the outcome of the ED investigation and its ability to regain revenue growth.
First Piper 