logo
How to trade Paytm stock: Buy, Sell or Hold? Chart check here

How to trade Paytm stock: Buy, Sell or Hold? Chart check here

Paytm stock was in focus on Tuesday amid reports of Chinese investor Ant group likely to exit its entire stake via block deal. Tech charts show Paytm looks favourably placed for now.
Rex Cano Mumbai
Listen to This Article
Shares of Paytm traded on a subdued note despite heavy volumes at the counter. As of 10:00 AM, Paytm stock was down over 1 per cent at ₹1,066, after touching a high of ₹1,087.60, and a low of ₹1,058 on the BSE. The counter had seen a combined volume of around 55 million shares thus far. According to Reuters report, Chinese investor Ant Group was expected to offload its remaining 5.84 per cent stake through block deals in Paytm, worth ₹3,800 crore ($434 million). At present levels, the stock trades close to its 52-week high of
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sensex resumes downtrend after one-day hiatus, drops 300 points — 10 key highlights from Indian stock market today
Sensex resumes downtrend after one-day hiatus, drops 300 points — 10 key highlights from Indian stock market today

Mint

time13 minutes ago

  • Mint

Sensex resumes downtrend after one-day hiatus, drops 300 points — 10 key highlights from Indian stock market today

Indian stock market's benchmark indices — Sensex and Nifty — resumed their downward trend after a one-day hiatus on Tuesday, August 5. With this, both indices are down in three of the past four trading sessions. The BSE barometer Sensex closed 308 points or 0.38% lower at 80,710. Meanwhile, its NSE counterpart, Nifty 50, settled at 24,649, down 73 points or 0.30%.

‘Setting a plan of action for next 5 years…': PM Modi hails ‘historic day' on Philippines President's Delhi visit
‘Setting a plan of action for next 5 years…': PM Modi hails ‘historic day' on Philippines President's Delhi visit

Mint

time24 minutes ago

  • Mint

‘Setting a plan of action for next 5 years…': PM Modi hails ‘historic day' on Philippines President's Delhi visit

Prime Minister Narendra Modi on Tuesday met Philippines President Ferdinand R Marcos Jr. at Hyderabad House. Their talks aimed at further cementing the friendship between the two nations. After the meeting, addressing reporters, PM Modi hailed 'a historic day for bilateral relations' between the two Asian nations. PM Narendra Modi said, 'We are taking India to the level of a strategic partnership. This will give our relationship a new speed and depth, and give strength to our relationship in the Defence and Security Sector.' 'In the last few years, there has been progress in our relations in all sectors: trade, defence, maritime, health, security, food security, development partnership, and people-to-people ties. It is a matter of great happiness that we are setting a plan of action for the next five years,' PM Modi said, adding, 'Till July 2027, the Philippines is India's country coordinator. In 2026, you will preside over the ASEAN Chair'. Prime Minister Narendra Modi expressed his appreciation for the Philippines' decision to grant visa-free entry to Indian tourists, describing it as a welcome move. He announced that, in a reciprocal gesture, India would offer free e-visas to tourists from the Philippines. PM Modi further stated that efforts would be undertaken this year to establish direct flight connectivity between India and Manila, enhancing travel and tourism ties between the two nations. India and the Philippines have conducted joint naval exercises for the first time in the disputed South China Sea — a significant military deployment that has provoked a strong reaction from China, according to an Associated Press report. Beijing has long-standing territorial disputes with both Asian democracies and a historic regional rivalry with New Delhi. The Chief of Staff of the Armed Forces of the Philippines, General Romeo Brawner, stated on Monday that the two-day joint naval sail and exercises, which commenced on Sunday, were successfully carried out, the AP report added. Brawner expressed hope that Filipino forces would engage in further joint manoeuvres with the Indian military in the future. When asked whether Chinese forces had responded in any way, General Brawner remarked, 'We did not experience any untoward incident but we were still shadowed. We expected that already.' This is the first visit by the President of the Philippines, a Southeast Asian country, to India since he assumed office in 2022. It marks a significant milestone, as his visit aligns with the celebration of the 75th anniversary of diplomatic ties between the two nations. He is accompanied by First Lady Louise Araneta Marcos and a high-level delegation, including several Ministers from his Cabinet.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store