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The success of Paytm's loan distribution business is crucial for offsetting losses from its payment services amid increased competition from new entrants and ongoing regulatory uncertainties
Paytm stock rose 2.89% to a high of Rs 977 against the previous closing price of Rs 949.50 on BSE. Market cap of Paytm rose to Rs 61,476 crore on BSE
Paytm stock rose 2.80% to Rs 931 against the previous closing price of Rs 905.60 on BSE.
Paytm: CLSA has increased its FY25-26 Ebitda estimates for Paytm by 9-12 per cent and its target price of Rs 1,050 for the stock suggests a 29 per cent potential upside over Monday's trading price.
Paytm revenue may grow at a strong CAGR of 32 per cent over FY22-26E, primarily aided by scale in financial services business, JM Financial said. The brokerage has a target of Rs 600 on Paytm stock