Overview
- One97 Communications fell nearly 10% intraday to about Rs 1,134 and closed at Rs 1,140.75, down 9.53% on Friday.
- Paytm clarified it recognises PIDF incentives in line with RBI guidance, reporting Rs 128 crore for the six months ended September 30, 2025, and noted no decision on extending or replacing the scheme.
- CNBC-TV18-linked commentary tied the drop to uncertainty about continuation beyond December 2025, while an analyst note estimated PIDF incentives contribute nearly 20% of operating profit.
- Shareholding data show domestic mutual funds trimmed their stake to 14.34% in the December quarter from 16.25% in the September quarter.
- The session was highly volatile with early gains reversing, and market commentary also pointed to profit-booking and softer broader sentiment; Paytm said it could offset any non-extension over time through higher revenue and targeted sales.