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Paytm target price: Bernstein said it would have liked to see more details such as what merchants need to do to continue using these payment solutions, if any (a re-KYC).
Paytm is “not rated”, it suggested a couple of weeks after slashing rating on the Paytm stock to 'underperform'.
Paytm Share Price Latest: The two-day decline in Paytm's shares has erased over $2 billion in market value in the company.
Shares in India's One 97 Communications Ltd, the parent of Paytm, opened 4.6 per cent lower on Monday after the fintech company's net loss for its second quarter widened due to a rise in expenses. In its first earnings report since going public earlier this month, the company said expenses jumped 37.1 per cent to 1599 billion rupees and consolidated net loss increased to 474
Payments bank Paytm has witnessed a 64 per cent increase in revenue from operations in the July-September quarter of FY22 versus the previous year. Revenue from operations increased from Rs 663.9 crore to Rs 1,086.4 crore year-on-year.