Company: One97 Communications Ltd. (Parent of Paytm)
BSE Update: Shareholding pattern for September 2025 quarter
Retail Investor Trend
- Retail shareholders have sold Paytm shares for the sixth consecutive quarter, despite the stock rebounding from record lows.
- Retail shareholding has fallen steadily:
| Quarter | Retail Shareholding (%) | Number of Retail Shareholders (Lakhs) |
|---|---|---|
| March 2024 | 12.05 | 12.05 |
| June 2024 | 11.43 | 11.43 |
| September 2024 | 10.27 | 10.27 |
| December 2024 | 9.67 | 9.67 |
| March 2025 | 9.45 | 9.45 |
| June 2025 | 9.73 | 8.93 |
| September 2025 | 9.07 | 8.45 |
- Retail investors now account for 9.07% of the company’s shares, down from 9.73% in June and 12.05% in March 2024.
Institutional Investor Activity
- Mutual funds have continued to accumulate shares, reflecting confidence in Paytm’s recovery:
| Fund | Stake as of Sept 30 (%) |
|---|---|
| Motilal Oswal Midcap Fund | 5.57 |
| Nippon India Growth Midcap Fund | 2.11 |
| Mirae Asset Largecap Fund | 1.66 |
| Bandhan Large & Mid Cap Fund | 1.04 |
- Overall domestic mutual fund holding rose to 16.25%, up from 13.86% in June and 13.11% in March.
- Founder & CEO Vijay Shekhar Sharma maintained a 9.07% stake.
Share Performance
- Paytm shares have gained consistently in 2025, except for January, February, and September.
- Quarterly Gains:
- April–June: +18%
- July–September: +22%
- October 2025: Up 16% so far.
- Axis Capital Upgrade: Target price of ₹1,500, the joint second-highest on the street.
- Current Price: ₹1,306.8 (as of Tuesday)
Key Takeaways
- Retail investors continue exiting despite strong price performance, suggesting profit-taking or shifting preferences.
- Institutional investors, particularly mutual funds, are accumulating, showing confidence in Paytm’s recovery and potential upside.
- Positive price momentum combined with upgrades from brokerages indicates the stock could test higher levels, potentially approaching the ₹1,500 target.