Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this registration, Paytm Money will offer SEBI-compliant research services, including investment insights, research reports, and data-driven analysis.
In a regulatory filing, Paytm said, “…we wish to inform you that Paytm Money Limited, a wholly owned subsidiary of One 97 Communications Limited, has been granted a Certificate of Registration as a Research Analyst by the Securities and Exchange Board of India (SEBI) under the SEBI (Research Analysts) Regulations, 2014. The registration number for Paytm Money Limited as a Research Analyst is INH000020086.”
According to the company, these services will soon be integrated into the Paytm Money app as part of a research and advisory offering. “This milestone aligns with Paytm Money’s objective to expand its offerings in the investment ecosystem, enhance user experience, and provide expert-backed insights to both retail and institutional investors,” it said.
Earlier this month, Paytm had announced the launch of UPI Trading Blocks. The new feature simplifies the stock trading experience by allowing automatic payment deductions directly from users’ bank accounts for trades on equity broking applications. The feature eliminates the need for traders to transfer large sums to their trading accounts in advance.