Paytm crisis: In a significant bulk transaction, Morgan Stanley Asia (Singapore) acquired 50,00,000 shares of One 97 Communications, the parent company of Paytm, at Rs 487.2 per share. The total value of this deal amounted to approximately Rs 244 crore.
Paytm shares fell 40% in 2 days
The big impact of the action taken by the Reserve Bank of India (RBI) on online payment service company Paytm on January 31 is visible on the company’s shares. The company’s shares have fallen 40% in just 2 days. Today it has a lower circuit of 20%. Before this, lower circuit was imposed yesterday i.e. on Thursday also. Let us tell you that on January 31, RBI had issued an order to ban the banking services of Paytm Payment Bank.
There was a rise in the stock market today. Sensex closed at 72,085 with a rise of 440 points. There was also a rise of 156 points in Nifty, it closed at the level of 21,853. Out of 30 Sensex stocks, 20 have seen a rise and 10 have seen a fall. Today there was more rise in power, metal and banking shares.
Adani Enterprises’ net profit increased by 2.3 times
Adani Enterprises has announced the results of the 3rd quarter of the FY 2023-24 on Thursday. In Q3 FY24, its net profit rose by 2.3 times or 130.29% on year-on-year (YoY) basis to Rs 1,888.4 crore.
Adani Enterprises had registered a net profit of Rs 820 crore in the same quarter last year. The company’s revenue from operations in Q3 also increased by 6.5% year-on-year to Rs 28,336.4 crore. In the same period of the last financial year, it was Rs 26,612.2 crore.
There was a decline in the market yesterday
Earlier, yesterday i.e. Thursday (February 1), a decline was seen in the stock market. The Sensex fell 106 points and closed at 71,645.30. Whereas Nifty fell by 28 points, it closed at the level of 21,697.45.
