Retail shareholders trim Paytm holdings for sixth quarter in a row but MFs continue to buy

Shares of One97 Communications Ltd., parent company of payments aggregator Paytm were sold be retail investors for the sixth quarter running, as the stock continues to rebound from record lows, according to the latest shareholding pattern updated by the company on the Bombay Stock Exchange (BSE).

At the end of the September quarter, Paytm had a total of 8.45 lakh retail shareholders, or those with authorized shareholding capital of up to ₹2 lakh. The figure is lower than the 8.93 lakh shareholders the company had at the end of the June quarter.

In percentage terms, retail shareholding is now down to 9.07%, compared to 9.73% at the end of June and 12.05% in March 2024.

On the flip side, India's mutual funds continued to bet on the stock as it continued to recover from its lows. Domestic Mutual Funds had a 16.25% stake in Paytm at the end of the September quarter, higher than the 13.86% they held at the end of June and 13.11% at the end of the March quarter.

Founder & CEO Vijay Shekhar Sharma's stake in the company was unchanged at 9.07%.

Shares of Paytm rose nearly 22% during the July-September period, having gained 18% in the April-June quarter as well. The stock is up 16% in the month of October itself, and has gained in every month in 2025, barring January, February and September.

Shares of Paytm ended little changed at ₹1,306.8 on Tuesday. The stock recently received an upgrade from Axis Capital, who expects the stock to test levels of ₹1,500, which is the joint second-highest target on the street.