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Paytm shares rise further on Macquarie’s report on PhonePe IPO, what is the connection? – paytm share price jumps over 2 percent after macquarie says phonepe ipo usd 1500 crore potential valuation could trigger re-rate

Paytm Share Price: Global brokerage firm Macquarie published a note regarding PhonePe’s IPO, which had a positive impact on Paytm shares. Its shares have risen today for the second consecutive trading day on this note. Shares of Paytm’s parent company One97 Communications jumped more than 2%. Some investors took advantage of this rise due to which the price softened but due to buying at lower levels it is still in a very strong position. Currently on BSE it is at ₹1192.05 with a jump of 1.85%. It jumped 2.24% to reach ₹1196.65 intra-day. It had closed with a gain of more than 4% a trading day earlier.

What does Macquarie have to say about PhonePe IPO?

Macquarie has published a note regarding ‘PhonePe IPO in focus, but can Paytm re-rate’ i.e. PhonePe IPO is in trend but can Paytm be re-rated. The brokerage firm believes that the proposed IPO of PhonePe may lead to re-rating of Paytm in the near term. PhonePe has filed the draft of its IPO and according to reports its valuation is around $1500 crore. The sale of about 10% to existing shareholders could raise around $150 crore.

What is the connection with Paytm?

Based on the final deal with General Atlantic in September 2025, the estimated valuation of PhonePe is between $1300-$1500 crore, which is about 60-90% more than Paytm’s current market cap. This is the situation when PhonePe is still in negative at the operating level, while Paytm has become positive. At a valuation of $1300-$1500 crore, Macquarie estimates PhonePe to trade at 37-43x 1H1 adjusted revenues, while Paytm trades at around 19x.

The brokerage firm says that financial services distribution business like loans, mutual funds and insurance has expanded rapidly and its revenue share in the first half of this financial year 2026 was 13% which was only 4% in the financial year 2024. PhonePe’s further foray in this segment could have an impact on Paytm, which currently gets one-third of its revenue from distribution.

PhonePe is among the largest fintech platforms in the country with more than 45% market share in UPI transactions. As of September 2025, it had more than 65.7 crore registered users and 4.7 crore merchants. Its share in the UPI market by value was around 49-51%, which is more than competitors like Google Pay and Paytm.

Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.

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Metal Stocks: Metal stocks like Vedanta, Tata Steel will remain in focus, big signal from America – metal stocks vedanta tata steel hindalco jsw steel in focus after us signals possible tariff adjustment on steel aluminum

Metal Stocks: Shares of steel and aluminum companies will be under watch in the Indian stock market. The reason is the signal from America. United States Trade Representative (USTR) Jamieson Greer has said that the Trump administration is considering some changes in the comprehensive tariffs imposed on steel and aluminum. However, there is no talk of complete removal of the basic tariff. US President Donald gives a lot of importance to Jamie Greer in his trade policy.

Tariffs will remain, but relief possible

Speaking to CNBC, Greer made it clear that the core tariffs will remain. But some changes can be made to reduce the burden of rules on companies. Many companies have complained that the calculation of duty on derivative products made of steel and aluminum has become very complex and expensive. The government is now thinking of simplifying this process.

Immediate impact in American market

After these statements, a sharp reaction was seen in the American market. Alcoa Corp. Shares fell by about 7.9%. Kaiser Aluminum Corp. And Century Aluminum Co. also declined by 4.5% and 4.3%. Steel company Cleveland-Cliffs Inc. Shares also fell by more than 3% in early trade.

What effect will it have on Indian companies?

Its impact on Indian companies like Vedanta Ltd, Hindalco Industries, Tata Steel and JSW Steel may be mixed. If tariffs are softened, price pressure in the global market may reduce. This will provide relief to the downstream industry and the pressure on demand may reduce. Better trade flow can also stabilize the export situation.

Hindalco’s American unit under eye

However, Hindalco has acquired the rights of its American subsidiary Novelis Inc. You may have to bear some pressure through this. Until recently, Midwest aluminum premiums in the US were high due to high tariffs, giving Novelis an advantage. If duties are relaxed and premiums come down, Novelis’ margins could be impacted.

50% tariff continues for now

The US administration has also reiterated that the basic tariff of 50% on foreign steel and aluminum will remain in place. The market will now wait to see how comprehensive the potential changes will be and how they will be implemented.

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Stock in Focus: Government company gets order worth ₹ 1500 crore, stock will remain in focus – stock in focus 18 February 2026 bhel wins rs 1500 crore order from sail iisco steel plant cpp project ofs subscription news

Stock in Focus: Government company Bharat Heavy Electricals Limited (BHEL) has received Letter of Acceptance (LoA) from Steel Authority of India Limited (SAIL). Under this, a captive power plant is to be set up in the IISCO Steel Plant located in Burnpur, West Bengal.

The order is related to the Captive Power Plant (CPP-1) package under SAIL’s 4.08 million tonne per annum crude steel capacity addition project. The estimated value of this order is between ₹1,200 crore to ₹1,500 crore. This does not include GST.

What work will be done in turnkey contract

The project awarded to BHEL will be on turnkey basis. Under this, BHEL will do work like design, engineering, construction, supply of equipment, transport, unloading, storage. However, civil work is not included in this contract. The project has to be commissioned within 39 months from the effective date of the contract.

OFS got tremendous response

Last week, BHEL’s Offer for Sale (OFS) received 2.3 times subscription on the very first day. 9.4 crore shares were put up for sale, while bids came for more than 22 crore shares. Institutional investors bid more than ₹5,650 crore. Due to this the issue was subscribed more than twice on the very first day. Seeing strong demand, the government put the entire 5 percent stake up for sale by exercising the green shoe option.

Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the OFS received tremendous participation and was oversubscribed by 2.3 times on the first day. Bidding for retail investors and employees was scheduled for February 12, 2026.

Condition of BHEL shares

Shares of BHEL closed at ₹262.80 with a slight gain of 0.11 per cent on NSE on Tuesday, February 17. The stock is up 21.18% in the last 6 months. At the same time, it has given a return of 35.68% in 1 year. It has given multibagger returns of 550% in the last 5 years. Its market cap is Rs 91.46 thousand crore.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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Share market rose for the second day, 4 big reasons – which 4 factors led to share market rise on tuesday 17th February 2026 watch video to know what do the technical charts indicate

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Share Market Rise: Indian stock markets made a spectacular comeback on Tuesday 17 February after the initial fall. Both Sensex and Nifty returned to the green due to buying in IT stocks. Sensex jumped 600 points from the day’s low. Whereas Nifty increased to beyond 25,700.

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Stock Market: How can the market move on 18th February – stock market outlook for 18th February 2026 which stocks are top gainers and losers today

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Share Market Today: Indian stock markets witnessed a rise for the second consecutive day today on 17th February. At the end of trading, BSE Sensex closed at 83,450.96 with a gain of 173.81 points or 0.21 per cent. Nifty closed at 25,725.40, up 42.65 points or 0.17 percent. Strong buying in IT, FMCGs and banking stocks supported the market

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Stock in Focus: Infra company gets project worth ₹1897 crore, dividend also announced; Stock will be in focus – stock in focus gr infraprojects wins rs 1897 crore west central railway epc contract in madhya pradesh announces rs 2 5 interim dividend

Stock in Focus: Infrastructure company GR Infraprojects has received an order from West Central Railways to build a new railway line in Madhya Pradesh. This is an EPC contract. Under this, the company will construct a new line from Km 124/400 to Km 165/380 between Bahari and Gondavali stations.

What does the work involve?

GR Infraprojects said in an exchange filing that the project involves earthwork. Under this, small and big bridges will be built. Some important bridges will also be built. A viaduct will be constructed.

Also, road overbridges will be built, which will be RCC box type. RUB and LHS work will also be done. Station building will be built. Tunnel construction and track laying work will be done. This entire work will be done under the Sidhi-Singrauli New Rail Link Project.

The project is worth ₹1897 crore

Financial bids were opened on 11 February 2026. After this, GR Infraprojects was declared the lowest bidder i.e. L1 for this project. The total value of this project is ₹1,897.51 crore. The company has to complete it within 900 days from the date of the order.

GR Infraprojects is also paying dividend

The board of GR Infraprojects on February 16 approved an interim dividend of ₹2.5 per share of ₹5 face value for FY26. Its record date has been fixed as 19 February.

In the February 13 meeting, the board also proposed to sell the entire stake in its two subsidiaries – GR Ena Kim Expressway Private Ltd and GR Ujjain Badnawar Highway Private Ltd. This is subject to shareholders’ approval.

GR Infraprojects shares

Shares of GR Infraprojects closed 0.39 per cent lower at ₹975.65 on the BSE on Tuesday. The stock is up 7.62% in 1 month. However, it has fallen 22.47% in 6 months. The market cap of the company is Rs 9.47 thousand crore.

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Hindustan Zinc Shares: Shares rallied on tarnished silver, fall by more than 3% – hindustan zinc share price fall over 3 percent as silver prices drop precious metal etfs down up to 3 percent

Hindustan Zinc Shares: The dimming of silver also affected the shares of Hindustan Zinc and today it slipped by more than 3%. The fall in silver also weakened its ETF (exchange traded fund). Talking about Hindustan Zinc, the slippage of silver had an impact on its shares because it is the largest producer of silver in the country which produces refined silver of 99.9% purity. Currently on BSE it is down by 2.33% at ₹580.15. It fell 3.21% to ₹574.95 intra-day.

Their ETFs also boomed along with gold and silver.

Silver futures with March expiry on MCX fell by nearly 2% to ₹2,35,142 per kg. The contract with May expiry slipped about 2%. Now talking about gold, gold futures with April expiry fell by about 1% to ₹ 1,53,522 per 10 grams. Gold with June expiry also slipped by about 1% during this period.

Talking about silver ETFs, the biggest decline was in Edelweiss Silver ETF, which fell by about 2%, followed by ICICI Prudential Silver ETF, Bandhan Silver ETF, Motilal Oswal Silver ETF, HDFC Silver ETF, UTI Silver ETF, DSP Silver ETF, Nippon India Silver ETF (Silverbees), Zerodha Silver ETF and others. Declined more than 1%. Talking about gold ETFs, Baroda BNP Paribas Gold ETF fell by more than 3.5%, Invesco India Gold ETF and Birla Sun Life Gold ETF fell by about 2%. At the same time, many other gold ETFs including Bandhan Bank Gold ETF, ICICI Prudential Gold ETF, Edelweiss Gold ETF, DSP Gold ETF, SBI Gold ETF, Grove Gold ETF, Mirae Asset Gold ETF and others fell by more than 1%.

(This story is currently being expanded)

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Market cues: Consolidation expected to continue with range-bound trading, key support for Nifty at 25500–25470 – market cues consolidation expected to continue with range bound trading key support for Nifty at 25500 25470

Market cues: There was a sharp recovery in Nifty 50 a day after a huge fall. It closed yesterday with a gain of 0.83 percent. This marked a good start to the week on 16th February. The benchmark index also formed a bullish reversal pattern and climbed above important moving averages, accompanied by a positive crossover in the RSI. However, India VIX is signaling caution for bulls. The index needs to cross 25,750 and remain above it to close the bearish gap of February 13 to move towards 26,000. Experts say that until this happens, consolidation may continue with range-bound trading. There is important support for Nifty at 25,500–25,470.

Here we are giving you some such figures on the basis of which it will be easy for you to catch profitable deals.

Key support and resistance levels for Nifty

Support based on pivot point: 25,460, 25,384 and 25,260

Resistance based on Pivot Point: 25,708, 25,785 and 25,908

Nifty 50 formed a long bullish engulfing candlestick pattern on the daily charts. This is a bullish reversal formation that appeared after a downtrend, indicating a possible trend reversal. The index climbed above all important moving averages (20-, 50-, and 100-day EMAs) as well as the midline of Bollinger Bands in the same session, although it is still inside the bearish gap of February 13. The RSI moved above the reference line at 50.87, but the Stochastic RSI maintained a bearish crossover. MACD maintained its positive crossover. However, the histogram indicated losing momentum. All this suggests improving sentiment, although confirmation through follow-up buying is needed.

bank nifty

Resistance based on pivot points: 61,047, 61,318, and 61,757

Support based on pivot points: 60,168, 59,896, and 59,457

Resistance based on Fibonacci retracement: 61,160, 62,075

Support based on Fibonacci retracement: 60,000, 59,452

Bank Nifty followed a similar pattern to Nifty 50 and closed well above all important moving averages. It rose 1.27 percent and indicated a healthy bullish move after recent consolidation. The index also closed above 60,900, which is the upper end of its consolidation range. Also, it remained above the falling support trendline. RSI rose to 60.4, while MACD maintained its uptrend with a healthy signal from the histogram. All this shows strengthening momentum and scope for further upside, provided broader market conditions remain supportive.

Stock Market Live Update: Gift Nifty is giving signals, Indian market may start flat

FII and DII fund flows

Nifty Put-Call Ratio

The Nifty Put-Call Ratio (PCR), which indicates the mood of the market, increased to 1.11 on February 16, whereas it was 0.65 in the previous session. A PCR increase or greater than 0.7 or crossing 1 means that traders are selling more put options than call options, which generally indicates strong bullish sentiment in the market. If the ratio falls below 0.7 or rises towards 0.5, it indicates that selling in calls exceeds selling in puts, indicating a bearish mood in the market.

India VIX, which measures market fluctuations, remained at a high level. It remained well above all important moving averages, prompting caution for bulls. Yesterday it increased by 0.28 percent to reach 13.33. Experts say that as long as VIX remains above the zone of 12, there will be a risk for the bulls.

Stocks covered under F&O ban

Restricted securities under the F&O segment include those companies whose derivative contracts exceed 95 per cent of the market wide position limit.

Newly included stocks in F&O ban: None

Stocks already included in F&O ban: SAIL, Samman Capital

Stocks removed from F&O ban: None

Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for this. Money Control advises users to seek the advice of a certified expert before taking any investment decision.

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