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As of 30-Sep-2022, promoters held 14.72 per cent stake in the company, while FIIs held 23.76 per cent and domestic institutional investors had 28.0 per cent.

Given the net worth of Rs 13,564 crore, the maximum buyback of Paytm from the tender route can be Rs 3,391 crore and the maximum buyback through the open market can be Rs 2,035 crore. If Paytm wants to avoid a special resolution, it will have to do a buyback of less than 10% of net worth, which comes close to Rs 1,356 crore, according to a report by ET Now.

The stock has made a decent correction right from 7750 to 6387 levels and has made a trend reversal with MORNING STAR pattern on the daily chart to indicate improvement in the bias and further rise is anticipated.

Which brings the focus to flows. FIIs have sold close to $20 billion in CY22 but were buyers for four of the past five months. In comparison, equity fund flows into mutual funds (including ETF) have topped $45 billion, a massive increase over previous years, save for a nuance. Non-SIP flow in mutual funds has been negative for four of the past five months.

The company board has approved sub-division of equity shares in a 1:5 ratio. This means that every share with a face value of Rs 10 each will be divided into five equity shares of a face value of Rs 2 each.

On the technical charts, the 200-day moving average of the stock stood at Rs 375.21.

Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 371276.21 Crore).

A total of 6,351 shares changed hands on the counter till 12:54PM (IST)

​Certainly we believe that Tata Technology can easily get around 5% to 6% of the current market cap of additional value.

Promoters held 50.09 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.02 per cent, DIIs 15.15 per cent.