NSE: PAYTM · 23 October 2026
- One 97 Communications Ltd (Paytm) shares declined 2.73% on Thursday, settling at ₹1,616.10 after trading within a daily range of ₹1,585.00 and ₹1,660.50.
- First Games Technology Private Limited, a subsidiary of the company, received a demand order from the Additional Commissioner of CGST Noida reducing its proposed GST liability from ₹5,712 crore to ₹703.66 crore for the period between April 2018 and March 2023. The company clarified that because the subsidiary discontinued its real-money gaming operations and is on a liquidation basis with a nil carrying value in consolidated financials, there is no incremental financial impact on the parent company.
- Trading volume was 0.58 times the 20-day average daily volume.
Why is One 97 Communications share price falling on 23 October 2026?
One 97 Communications Ltd (Paytm) shares declined 2.73% on Thursday, settling at ₹1,616.10 after trading within a daily range of ₹1,585.00 and ₹1,660.50.
The stock's downward movement occurred alongside weakness in broader internet and digital sector benchmarks, with the Nifty India Internet proxy declining 2.22% and the broader Nifty dropping 0.39%. Paytm's performance also reflects ongoing consolidation following a 5.62% decline over the past 5 trading days and an 8.95% pullback across the past 20 trading days.
Company disclosures from earlier in the week noted that the National Payments Corporation of India (NPCI) decided to defer the implementation of the Merchant Discount Rate (MDR) on select UPI Person-to-Merchant transactions until after Diwali. Additionally, a subsidiary received a reduced GST demand order of ₹703.66 crore for past periods, though management confirmed no incremental financial impact on the listed entity. While these regulatory and corporate developments provide background context, no single confirmed event can be directly linked to today's specific price movement.
22.97 lakh shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 39.90 lakh shares (0.58 times). The five-day average daily volume was 19.03 lakh shares. Separately, the NSE report for 23 October 2026 showed 11.10 lakh shares delivered, representing 48.32% of that day’s traded volume. The same report recorded 70,690 trades.
The stock declined 2.73% amid broader internet sector weakness, reflecting continued consolidation and below-average trading volume without a direct single catalyst.
Latest Company Developments
First Games Technology Private Limited, a subsidiary of the company, received a demand order from the Additional Commissioner of CGST Noida reducing its proposed GST liability from ₹5,712 crore to ₹703.66 crore for the period between April 2018 and March 2023. The company clarified that because the subsidiary discontinued its real-money gaming operations and is on a liquidation basis with a nil carrying value in consolidated financials, there is no incremental financial impact on the parent company.
It removes uncertainty surrounding a major legacy tax liability for the discontinued gaming subsidiary without affecting the parent company's financial position.
Following an earlier circular regarding the levy of Merchant Discount Rate on select UPI P2M transactions, the NPCI announced that the implementation will take place after the festive Diwali season on a date to be notified separately. Paytm informed exchanges of this update to keep market participants apprised of the regulatory timeline for merchant monetization.
The deferral pushes back potential monetization changes for merchant UPI transactions, maintaining status quo through the peak festive shopping period.
Paytm Q1 Results: Date, Time, Bonus Issue Details, Earnings Call Schedule, Share Price History.
The exchange sought clarification from the company regarding a recent media report. Such a request is a verification step and does not by itself confirm the reported issue.
30 of the – Proposed GST Demand on First Games Reduced; Assessing Solutions Under Relevant Provisions; No Incremental Impact on the Company.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 21.17% on 30 September 2026. This compares with 17.94% on 30 June 2026, a change of +3.23 percentage points.
The filing reported 43 MF/UTI holders.
Research & Brokerage Views
Maintained positive stance reflecting structural expansion in merchant and financial services.
Underlines resilient core business growth despite regulatory hurdles.
Historical Bulk / Block Deals
What to Watch Next
- Upcoming financial results for the quarter and half year ended September 30, 2026, scheduled for board review on October 26, 2026.
- Earnings conference call scheduled for Tuesday, October 27, 2026.
- Post-Diwali updates from NPCI regarding the implementation timeline of MDR on select UPI P2M transactions.
- Delivery volume trends and cash participation relative to the 20-day average volume.
Other Dated Coverage
- Paytm in Focus After GST Demand Reduction and UPI MDR Deferral | 15 October 2026 — 15 October 2026
- One 97 Communications Share Price Today: Why PAYTM Is Rising 0.23% | 14 October 2026 — 14 October 2026
- One 97 Communications Share Price Today: Why PAYTM Is Rising 2.16% | 13 October 2026 — 13 October 2026
More One 97 Communications news and dated analysis →
Frequently Asked Questions
What is the latest One 97 Communications company news?
First Games Technology Private Limited, a subsidiary of the company, received a demand order from the Additional Commissioner of CGST Noida reducing its proposed GST liability from ₹5,712 crore to ₹703.66 crore for the period between April 2018 and March 2023. The company clarified that because the subsidiary discontinued its real-money gaming operations and is on a liquidation basis with a nil carrying value in consolidated financials, there is no incremental financial impact on the parent company.
How strong was One 97 Communications’s trading volume?
22.97 lakh shares traded, 0.58 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.