One 97 Communications Ltd Sees Robust Trading Activity Amid Volatile Market

Intraday Trading Dynamics and Price Volatility

The stock opened at ₹1,137.5 and exhibited a wide intraday price range of ₹220, touching a high of ₹1,243.8 and a low of ₹1,023.8. This represents a substantial intraday volatility of 6.82%, calculated from the weighted average price, reflecting heightened trading activity and investor uncertainty. Despite the sharp intraday swings, the last traded price (LTP) settled at ₹1,185.1, marking a 3.68% gain from the previous close of ₹1,137.5.

Notably, the stock outperformed its sector, Financial Technology (Fintech), which declined by 2.02%, and the broader Sensex index, which fell by 1.07% on the same day. This relative strength highlights One 97 Communications Ltd's resilience and appeal amid sectoral headwinds.

Institutional and Investor Participation

Investor participation has surged, with delivery volumes reaching 32.93 lakh shares on 30 January, a significant 30.91% increase compared to the five-day average delivery volume. This rise in delivery volume indicates stronger conviction among investors holding the stock beyond intraday trading, signalling confidence in the company’s medium-term prospects.

Liquidity remains robust, with the stock’s traded value comfortably supporting trade sizes up to ₹19.07 crore based on 2% of the five-day average traded value. Such liquidity levels are favourable for institutional investors and large order flows, facilitating efficient execution without excessive market impact.

Technical and Trend Analysis

From a technical standpoint, the stock is trading above its 5-day and 200-day moving averages, suggesting short-term and long-term support levels are intact. However, it remains below the 20-day, 50-day, and 100-day moving averages, indicating some resistance in the intermediate term. The recent price action also marks a trend reversal after two consecutive days of decline, signalling renewed buying interest.

The weighted average price indicates that a greater volume of shares was traded closer to the day’s low, which may imply bargain hunting by investors during the dip. This behaviour often precedes a recovery phase, as evidenced by the stock’s intraday rebound and positive close.

Fundamental and Market Capitalisation Insights

One 97 Communications Ltd is classified as a mid-cap company with a market capitalisation of approximately ₹72,449 crore. Operating within the Financial Technology sector, the company has been a key player in digital payments and financial services innovation in India.

Despite the recent downgrade in its Mojo Grade from Buy to Hold on 24 December 2025, the company maintains a respectable Mojo Score of 68.0. The downgrade reflects a cautious stance by analysts, possibly due to valuation concerns or near-term challenges, but the Hold rating suggests that the stock remains a viable investment option for patient investors.

Comparative Sector Performance and Outlook

While the broader Finance and NBFC sector has experienced a decline of 2.02% on the day, One 97 Communications Ltd’s outperformance by over 6% relative to the sector is noteworthy. This divergence underscores the company’s relative strength and potential to weather sectoral pressures better than many peers.

Investors should note the stock’s high intraday volatility and wide trading range, which may present both opportunities and risks. The stock’s ability to sustain gains above key moving averages will be critical in determining its medium-term trajectory.

Large Order Flow and Institutional Interest

The substantial traded volume of over 81 lakh shares and turnover nearing ₹944 crore indicates significant institutional interest and large order flow. Such activity often precedes meaningful price movements and can be a harbinger of strategic positioning by mutual funds, foreign portfolio investors, and other large market participants.

Given the stock’s liquidity profile and market cap grade of 2, it remains accessible for sizeable trades without undue price disruption, making it attractive for portfolio managers seeking exposure to the fintech space.

Investor Takeaways and Strategic Considerations

For investors analysing One 97 Communications Ltd, the current trading session offers several insights. The stock’s ability to outperform a declining sector and benchmark indices, coupled with strong delivery volumes, suggests underlying demand and confidence in the company’s fundamentals.

However, the downgrade to a Hold rating and the stock’s position below several intermediate moving averages caution against overly optimistic expectations. Investors should monitor upcoming quarterly results, regulatory developments, and competitive dynamics within the fintech space to better gauge future performance.

Given the high volatility observed, risk-averse investors may prefer to wait for confirmation of sustained upward momentum before increasing exposure. Conversely, traders with a higher risk appetite might capitalise on the wide intraday price swings for tactical gains.

Conclusion

One 97 Communications Ltd’s robust value turnover and elevated trading volumes on 1 February 2026 highlight its prominence in the Indian equity market, particularly within the fintech sector. The stock’s relative outperformance amid sectoral weakness and strong institutional participation underscore its strategic importance and investor appeal.

While technical indicators and recent rating adjustments suggest a cautious stance, the company’s market position and liquidity profile make it a key stock to watch for both medium-term investors and active traders. Continued monitoring of price action, volume trends, and sector developments will be essential for informed decision-making.

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