Fintech stocks decline as MDR on UPI likely to be deferred to January 1
One97 Communications moved lower with January 1 in focus.
· Business Standard Mkts
Shares of Paytm, MobiKwik and Pine Labs declined amid reports that the proposed UPI merchant discount rate could be deferred to January 2027 from October…
Key facts
- Dates in focus
- January 1 and October 15
The analysis
Against that, the stock is -5.2% on the day at ₹1,641.50, and has returned +34.0% over three months. It sits 11% below its 52-week high. The financial services sector has moved -7.7% over the same period, so One97 Communications is running 41.7 points ahead of its peers.
For One97 Communications, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Market context
- The company directly in focus is PAYTM.
- Sector exposure: Financial Services.
- The immediate tone of coverage reads negative.
In this story
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