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Goldman Sachs has issued a neutral call on Paytm, cutting its target to Rs 450 per share. This adjustment reflects the potential loss of market share in the payments sector, the brokerage said.
Paytm consolidated net loss narrowed sharply to ₹392 crore in December 2022 quarter against the loss of ₹778.4 crore in the same period a year ago. Meanwhile, revenue climbed 42% to ₹2,062.2 crore in Q3FY23 versus ₹1,456.1 crore in Q3FY22.