PAYTM: Resilient Asset Management to offload 4.98% stake in Paytm as shares jumped +3.5%
One 97 Communications, the listed parent of Paytm, opened sharply higher and then handed part of that move back. The stock gapped 5.78% above the previous close of ₹1730, reached a day's high of ₹1855.5, and settled at ₹1790 for a gain of 3.47%. Its low sat barely above the prior close, so the whole range was carved out after the opening jump. The Nifty added 0.43%, making this stock-specific rather than a broad market lift.
The screens tagged a volume spike of 40.9x, a gap-and-hold, and a close 0.58% above the volume-weighted average price. The first does not agree with the rest of the pack, which puts relative volume at 3.65 times normal: heavy, but an order of magnitude short of forty.
The derivatives footprint is stale and points the other way. Paytm carries a long unwinding tag, meaning bullish futures positions were being closed rather than fresh ones opened, with open interest down 5.88% against a price move of 4.42% lower. That reading is stamped to the previous close, not this session, and its direction contradicts what the cash market did. A MarketsMojo report hours before the close described heavy activity in the Rs 1,900 calls, and the pack holds no options data to corroborate it.
No bulk or block deals were logged today. The six deals in the thirty-day window all carry one date, 18 August. Resilient Asset Management B V appears twice on the sell side at ₹2948.94 crore, an identical duplicate leaving it unclear whether that is one print or two. Facing it were buys from Societe Generale at ₹435.97 crore, SBI Mutual Fund at ₹422.09 crore, and smaller purchases by Goldman Sachs Bank Europe and My Asian Opportunities Master Fund. A matched two-sided tape on one day reads as a placement being distributed, not as independent buyers. Insider filings over sixty days are an empty list, and the institutional streak field is absent.
Technically the stock came in extended but not stretched. RSI stood at 65, with price above both the 50-day and 200-day moving averages, though golden cross, Darvas breakout and the trend template are all marked false. It closed 3.53% below its 52-week high, after returning 7.18% in a week and 13.27% in a month.
The news context is thin and mostly dated. A MarketsMojo report the previous day said technical strength had lifted the stock to a 52-week high of Rs 1832.85, a level today's high cleared. Bloomberg reported a week earlier that the company was moving into workplace AI agents beyond payments. Nearly a month back, Electronic Payments reported that Resilient Asset Management would offload a 4.98% stake, matching the August sell print.
The data does not establish a single driver for the move. The gap arrived at the open, before the session's own tape existed to explain it; no deals were recorded today; the positioning read belongs to the previous close and disagrees with today; and the freshest headlines either restate the price action or predate it. What is visible is a large opening gap on heavy turnover that the session could not fully hold.
The numbers
- Last price ₹1,790.00, +3.47% on the day
- Day range ₹1,731.10 – ₹1,855.50
- Opening gap +5.78%
- NIFTY moved +0.43% the same session
Signals that fired
- Volume spike 40.9x
- Gap-and-hold +5.8%
- Above VWAP +0.58%
- Long Unwinding (last close)
F&O positioning
Futures classified as Long Unwinding — open interest -5.9% with price -4.4% in the latest bhavcopy.
Institutional activity
| Date | Side | Counterparty | Type | ₹ Cr |
|---|---|---|---|---|
| 2026-08-18 | SELL | RESILIENT ASSET MANAGEMENT B V | MF | 2,948.9 |
| 2026-08-18 | SELL | RESILIENT ASSET MANAGEMENT B V | MF | 2,948.9 |
| 2026-08-18 | BUY | SOCIETE GENERALE | FII | 436.0 |
| 2026-08-18 | BUY | SBI MUTUAL FUND | MF | 422.1 |
| 2026-08-18 | BUY | GOLDMAN SACHS BANK EUROPE SE | FII | 346.2 |
| 2026-08-18 | BUY | MY ASIAN OPPORTUNITIES MASTER FUND | Other | 222.6 |
Technical context
Volume ran at 3.6× its 20-day average; rsi(14) sits at 65; price is 3.5% from the 52-week high; trading above the 50-dma and 200-dma.
Recent headlines
- Buy, Sell Or Hold: Paytm, MobiKwik, L&T, Tata Motors PV, Paras Defence, Suzlon — Ask Profit — NDTV Profit (3h ago)
- Rs 1,900 Calls on One 97 Communications Ltd See Heavy Activity — What the Strike Price Tells You — MarketsMojo (4h ago)
- Broad-Based Technical Strength Lifts One 97 Communications Ltd to 52-Week High of Rs 1832.85 — MarketsMojo (1d ago)
- Paytm Bets on Workplace AI Agents in Pivot Beyond Payments — Bloomberg (7d ago)
- Paytm Shares Crash Over 7% as RBI Cancels Paytm Payments Bank Licence; One 97 Comm Issues Clarification — Goodreturns (13d ago)
- Founder Led Stocks Worth Watching As Capital Spending Picks Up — Simply Wall St. (19d ago)
- 3 Founder Led Indian Stocks With Long Term Skin In The Game — Simply Wall St. (22d ago)
- Resilient Asset Management to offload 4.98% stake in Paytm — Electronic Payments (29d ago)
Sources
- Buy, Sell Or Hold: Paytm, MobiKwik, L&T, Tata Motors PV, Paras Defence, Suzlon — Ask Profit — NDTV Profit
- Rs 1,900 Calls on One 97 Communications Ltd See Heavy Activity — What the Strike Price Tells You — MarketsMojo
- Broad-Based Technical Strength Lifts One 97 Communications Ltd to 52-Week High of Rs 1832.85 — MarketsMojo
- Paytm Bets on Workplace AI Agents in Pivot Beyond Payments — Bloomberg
- Paytm Shares Crash Over 7% as RBI Cancels Paytm Payments Bank Licence; One 97 Comm Issues Clarification — Goodreturns
- Founder Led Stocks Worth Watching As Capital Spending Picks Up — Simply Wall St.
- 3 Founder Led Indian Stocks With Long Term Skin In The Game — Simply Wall St.
- Resilient Asset Management to offload 4.98% stake in Paytm — Electronic Payments
Keep digging
- PAYTM — full smart-money page: F&O positioning, deals, insider filings and option chain in one place.
- Today's screens: every stock matching the same setups (buildups, breakouts, volume shockers).
- Newsroom: the other stocks in play this session.