Shares of One 97 Communications Ltd, the parent company of Paytm, were trading slightly higher by 0.11% at ₹707.15 on Friday. However, the stock has declined by 28.40% so far in 2025.
The fintech company recently disclosed that it received a show cause notice from the Enforcement Directorate (ED) amounting to ₹611.17 crore for alleged violations of specific provisions under the Foreign Exchange Management Act, 1999 (FEMA).
In response, Paytm assured that the matter has had no impact on its services for consumers and merchants, emphasizing that all its operations remain fully functional and secure.
Technical analysts largely view Paytm’s stock as ‘bearish.’ The stock may find support at ₹680, followed by ₹650 and ₹645, while resistance is expected around ₹730-735.
Ravi Singh, Senior Vice-President of Retail Research at Religare Broking, stated that Paytm faces immediate resistance at ₹735, with major support at the ₹650 zone.
Jigar S Patel, Senior Manager – Technical Research Analyst at Anand Rathi, pointed out that near-term support stands at ₹680, with resistance at ₹735. If the stock decisively moves above ₹735, it could see an upward trend towards ₹765, with the expected short-term trading range between ₹670 and ₹765.
Sebi-registered research analyst AR Ramachandran noted that Paytm appears bearish on daily charts, with strong resistance at ₹730. A daily close below ₹683 could push the stock further down to a target of ₹645.
On the financial front, Paytm reported a reduced net loss of ₹208 crore for the December 2024 quarter, compared to ₹222 crore in the same quarter of the previous fiscal year. However, its revenue declined by 36% year-on-year (YoY) to ₹1,828 crore from ₹2,850 crore in the corresponding period last year.
