One 97 Communications surged 4.14% to ₹1,739.10 after the counter saw a significant block deal in early trade. According to reports from Business Standard, the stock hit a fresh 52-week high of ₹1,753 during the session. The rally was triggered by around 10.6 lakh Paytm shares changing hands in the block deal, though details of the buyers and sellers have not been disclosed by the exchanges.
The block deal activity follows a pattern of stake reduction by early investors. As reported by Business Standard, in August, a promoter-linked entity sold shares worth about ₹2,949 crore, while other early investors have also pared their stakes through block deals. This continued selling by promoter entities and early investors suggests ongoing institutional repositioning in the stock.
The stock rally was significantly fueled by reports of Paytm's expansion into artificial intelligence business to boost revenue growth. According to Business Standard, the digital payments company is developing agentic AI through a new offering called Paytm Intelligence (Pi). The company plans to sell AI agents to enterprise customers handling tasks across sales, customer service and operations, with the initial target market including banks, smaller lenders, insurers and other financial institutions in India and the UAE. Paytm has reportedly been developing a financial-services AI model for about two years, using financial and customer-behaviour data to build capabilities in areas such as fraud detection, credit assessment and claims analysis. Additionally, reports suggest AI agents could soon be allowed to make UPI payments on behalf of users under a proposed framework with safeguards around consent, authentication and transaction limits, which could create a new interface between AI assistants and India's digital payments ecosystem.
One 97 Communications reported strong financial results for Q1 FY27, demonstrating significant growth across key metrics. As reported by Business Standard, the company achieved a consolidated net profit of ₹220 crore in Q1 FY27, up 78.86% YoY and 20.22% QoQ. Revenue from operations rose 27.63% YoY and 8.13% QoQ to ₹2,448 crore in the quarter ended 30 June 2026. EBITDA surged 181.94% YoY and 53.79% QoQ to ₹203 crore, while EBITDA margin expanded to 8% from 4% in Q1 FY26 and 6% in Q4 FY26.
The positive momentum in Paytm shares reflects broader optimism around the company's AI expansion strategy and improving financial performance. According to Business Standard, a foreign broker recently raised its Paytm target price to ₹2,200 from ₹1,500, citing potential upside from a possible UPI merchant discount rate and improving business prospects. The company operates Paytm, a digital payments and financial services platform offering merchant payments, financial services distribution, lending, insurance and wealth management products.
