Big decision! UPI MDR fee deferred till Diwali; check impact on Paytm, Pine Labs, One Mobikwik, Moneyview, Zaggle shares
One97 Communications is in focus.
· LiveMint Markets, Business Standard Mkts, ET Stocks, Economic Times Markets
The NPCI has deferred UPI MDR till Diwali 2026, the NPCI onformed about the decision from its X handle on…
The analysis
Against that, the stock is -3.1% on the day at ₹1,634.30, and has returned +22.6% over three months. It sits 12% below its 52-week high. The financial services sector has moved -14.9% over the same period, so One97 Communications is running 37.5 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
- In focus: One97 Communications (Paytm) (PAYTM), in Financial Services.
- On the day, 0 of 2 are higher: One97 Communications (Paytm) leads at -3.1% and Pine Labs trails at -6.7%.
- Over three months: One97 Communications (Paytm) +22.6% against Financial Services -14.9% (37.5 points ahead); Pine Labs +9.3% against Financial Services -14.9% (24.2 points ahead).
- At least 25% below the 52-week high: Pine Labs (39%).
- Trading well above normal today: Pine Labs at 2.0 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| One97 Communications (Paytm)PAYTM · Financial Services | ₹1,634.30 | -3.1% | -2.6% | +22.6% | -11.7% | 0.5× | — |
| Pine LabsPINELABS · Financial Services | ₹153.25 | -6.7% | -10.8% | +9.3% | -38.9% | 2.0× | — |
Financial Services
1M -8.8% · 3M -14.9%
One97 Communications (Paytm), Pine Labs
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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