One97 Communications surges on reporting 19% rise in Average monthly transacting users in July

One97 Communications is currently trading at Rs. 790.70, up by 23.35 points or 3.04% from its previous closing of Rs. 767.35 on the BSE.

The scrip opened at Rs. 785.00 and has touched a high and low of Rs. 797.00 and Rs. 776.50 respectively. So far 72902 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 915.00 on 19-Jun-2023 and a 52 week low of Rs. 439.60 on 24-Nov-2022.

Last one week high and low of the scrip stood at Rs. 815.30 and Rs. 760.35 respectively. The current market cap of the company is Rs. 50152.62 crore.

The Institutions and Non-Institutions held 75.66% and 24.34% stake in the company respectively.

One97 Communications has reported 19% (Year-on- Year) rise in Average monthly transacting users (MTU) to 9.3 crore for the month of July 2023, reflecting continued expansion of its customer base. Its merchant subscriptions stood at 82 lakh, with 41 lakh new subscriptions over the year. Sequentially, the company saw merchant subscriptions increase by about 4 lakh in July 2023. Payment volumes for merchants or Gross Merchandise Values (GMV) rose 39 per cent on-year at Rs 1.47 lakh crore.

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