Paytm listing: Macquarie initiates underperform rating, cuts target price by 40%
3 years, 1 month ago

Paytm listing: Macquarie initiates underperform rating, cuts target price by 40%

Live Mint  

Brokerage firm Macquarie Research has initiated an underperform rating on Paytm owner One97 Communications ahead of its listing on Thursday, saying its business model lacks focus and direction. The brokerage firm has reduced its target price to ₹1,200 a share, down 40% from its issue price of ₹2,150 calling the company a 'cash guzzler'. “Dabbling in multiple business lines inhibits PayTM from being a category leader in any business except wallets, which are becoming inconsequential with the meteoric rise in UPI payments. “ We are also not enthused with the company’s complicated organisation structure, related-party transactions, churn in top management and a thinly staffed board with 75% of members being based out of India,” it said.

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History of this topic

Stocks to buy for long-term: Tata Tech, PFC to REC — top brokerage firms initiate coverage on these 5 shares
6 days, 12 hours ago

Stocks to buy for long-term: Tata Tech, PFC to REC — top brokerage firms initiate coverage on these 5 shares

Live Mint  

Stocks to buy: After a modest 9 per cent return last year, experts caution investors to temper their market expectations this year. Tata Technologies Brokerage firm Chola Securities has initiated coverage on Tata Technologies with a target price of ₹1082, implying an upside potential of nearly 22 per cent. Kalpataru Projects International Axis Securities has initiated coverage on the Kalpataru …

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock
2 weeks, 2 days ago

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock

Live Mint  

Some stocks exhibit a remarkable ability to bounce back after long periods of downturns, showcasing their resilience and strength. After plunging to an all-time low in May, Paytm's stock staged a stunning rally, reaching a three-year high by December. Additional positive developments supporting the stock's rebound include the Ministry of Finance’s approval for foreign direct investment in its subsidiary PPSL …

Paytm shares hit 52-week high; up more than 3%
1 month ago

Paytm shares hit 52-week high; up more than 3%

The Hindu  

Shares of One97 Communications, which owns the Paytm brand, on Monday jumped more than 3% on the bourses after the company approved the sale of stake in Softbank group's fintech firm PayPay Corporation. Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points As the company's shares touched a 52-week high, the market valuation of Paytm rose …

Paytm shares rise 3% to hit 52-week high. What's driving the rally?
1 month ago

Paytm shares rise 3% to hit 52-week high. What's driving the rally?

India Today  

Shares of Paytm,, rose 3% in early trade on Monday to hit a 52-week high. The surge came after the company announced that its wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd, had sold its Stock Acquisition Rights in Japan-based PayPay Corporation to SoftBank Vision Fund 2. Paytm shares climbed 3.19% in early trade to reach Rs 1,007 on the Bombay …

Paytm shares rise above Rs 1,000 today. 3 things you need to know
Trending News
1 month ago

Paytm shares rise above Rs 1,000 today. 3 things you need to know

India Today  

Paytm shares rallied over 3% on Monday, hitting a 52-week high of Rs 1,007 on the Bombay Stock Exchange. Here are three key factors propelling Paytm’s stock upward: STRATEGIC SALE Paytm’s Singapore-based unit approved the sale of its Stock Acquisition Rights in Japanese payments firm PayPay to SoftBank Vision Fund 2 for JPY 41.9 billion. PAYTM'S FINANCIAL PERFORMANCE Paytm reported …

Paytm share price hits 52-week high today. What's driving the rally?
1 month ago

Paytm share price hits 52-week high today. What's driving the rally?

India Today  

Shares of One 97 Communications Ltd, Paytm’s parent company, climbed over 3.5% to hit a fresh 52-week high on Friday. The stock jumped 3.60% to hit a 52-week high of Rs 990.90 on Friday. The rally followed media reports suggesting that Paytm may sell its stake in Japan's PayPay to SoftBank for $250 million. The company posted its first-ever quarterly …

Paytm share price hits 52-week high, up 185% in 6 months: More gains ahead?
1 month ago

Paytm share price hits 52-week high, up 185% in 6 months: More gains ahead?

India Today  

Shares of One97 Communications Ltd, the parent company of Paytm, hit a 52-week high during Thursday’s trading session. The stock’s recovery began after it plummeted to an all-time low of Rs 310 in May following restrictions imposed by the Reserve Bank of India on Paytm Payments Bank Ltd. For the second quarter of FY25, Paytm posted a profit after tax …

Paytm Share Price Today on 27-11-2024: Paytm share price are up by 2.12%, Nifty down by -0.02%
1 month, 1 week ago

Paytm Share Price Today on 27-11-2024: Paytm share price are up by 2.12%, Nifty down by -0.02%

Live Mint  

Paytm Share Price Today on 27-11-2024: At 27 Nov 11:02 today, Paytm shares are trading at price ₹905.25, 2.12% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm has made a big new bet. Will it pay off?
1 month, 1 week ago

Paytm has made a big new bet. Will it pay off?

Live Mint  

Since its debut on Dalal Street three years ago, Paytm has been battling several challenges. View Full Image Source: Tijorifinance Financial services The RBI's action caused Paytm’s operating model to change significantly as lenders turned cautious. View Full Image Source: Tijorifinance During Q2 FY25, 600,000 unique consumers and merchants availed of financial services through Paytm, up from 590,000 during Q1 …

Paytm Share Price Today on 26-11-2024: Paytm share price are up by 0.54%, Nifty down by -0.08%
Top News
1 month, 2 weeks ago

Paytm Share Price Today on 26-11-2024: Paytm share price are up by 0.54%, Nifty down by -0.08%

Live Mint  

Paytm Share Price Today on 26-11-2024: At 26 Nov 11:06 today, Paytm shares are trading at price ₹897.45, 0.54% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm Share Price Today on 25-11-2024: Paytm share price are down by -0.81%, Nifty up by 1.68%
1 month, 2 weeks ago

Paytm Share Price Today on 25-11-2024: Paytm share price are down by -0.81%, Nifty up by 1.68%

Live Mint  

Paytm Share Price Today on 25-11-2024: At 25 Nov 11:11 today, Paytm shares are trading at price ₹892.75, -0.81% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm Share Price Today on 22-11-2024: Paytm share price are up by 5.78%, Nifty up by 1.28%
1 month, 2 weeks ago

Paytm Share Price Today on 22-11-2024: Paytm share price are up by 5.78%, Nifty up by 1.28%

Live Mint  

Paytm Share Price Today on 22-11-2024: At 22 Nov 12:23 today, Paytm shares are trading at price ₹894.3, 5.78% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?
1 month, 2 weeks ago

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?

India Today  

Shares of One97 Communications Limited, Paytm's parent company, gained in early trade after global brokerage Berstein's latest price target update. The update reflects growing confidence in the fintech firm’s prospects, with the global brokerage firm projecting significant earnings growth under a favourable scenario. It highlighted that Paytm’s payment margins, currently at 10 basis points due to regulatory actions, could recover …

Paytm, 13 other Nifty 500 stocks shine amid market selloff, gain up to 38% in a month
1 month, 2 weeks ago

Paytm, 13 other Nifty 500 stocks shine amid market selloff, gain up to 38% in a month

Live Mint  

While selling pressure was seen across the market in recent weeks, a few stocks have weathered the recent correction and managed to surge, adding some gains to investors' portfolios. The company, which reported strong Q2 results in late October, saw a sharp uptick in its share price, further boosted by target price hikes from domestic brokerage firms. Another stock that …

Paytm Share Price Today on 11-11-2024: Paytm share price are down by -3.3%, Nifty down by -0.03%
1 month, 4 weeks ago

Paytm Share Price Today on 11-11-2024: Paytm share price are down by -3.3%, Nifty down by -0.03%

Live Mint  

Paytm Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Paytm shares are trading at price ₹820.15, -3.3% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm Stock Price Today: Up 2.85%, Nifty Down 0.35%
Trending News
2 months, 1 week ago

Paytm Stock Price Today: Up 2.85%, Nifty Down 0.35%

Live Mint  

Paytm share price is up by 2.85% today, trading at ₹773.7. The stock has hit a high of ₹776.2 and a low of ₹745.25 during the day. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Paytm Stock Price Today: Up 1.36%, Nifty Down by -0.09%
2 months, 1 week ago

Paytm Stock Price Today: Up 1.36%, Nifty Down by -0.09%

Live Mint  

Paytm share price is up by 1.36% today, trading at ₹754.5. The stock has hit a high of ₹764.15 and a low of ₹738.3 during the day. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings
2 months, 2 weeks ago

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings

ABP News  

Paytm's Q2FY25 earnings show significant growth and profitability, with analysts upgrading their ratings and setting new price targets. The company's strong revenue growth, improved profitability, and approval from the National Payments Corporation of India (NPCI) to onboard new UPI users are key factors driving optimism. Paytm's positive analyst ratings reflect the company's potential for sustainable growth and long-term value creation.

Paytm's Surge: Regulatory Approval Fuels Growth Potential
2 months, 2 weeks ago

Paytm's Surge: Regulatory Approval Fuels Growth Potential

India Today  

Paytm's share price surged over 11% today after the company received approval from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This development is seen as a potential turning point for Paytm's user base growth and an easing of regulatory hurdles.

Paytm Stock Price Today: Up 1.68%, Nifty Down 0.41%
2 months, 2 weeks ago

Paytm Stock Price Today: Up 1.68%, Nifty Down 0.41%

Live Mint  

Paytm shares are trading up by 1.68% today, while the Nifty is down by -0.41%. The stock has hit a high of ₹742.15 and a low of ₹706.25 during the day, but it is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands
3 months, 2 weeks ago

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands

News 18  

One 97 Communications Ltd reportedly witnessed a significant transaction as 0.8 per cent of its equity stake was sold for approximately Rs 327.8 crore. According to a report by CNBC TV18, around 47.2 lakh Paytm shares exchanged hands at an average price of Rs 701 per share. Following this large trade, Paytm’s stock price surged, reaching Rs 713.2 on the …

One 97 Communications share are down by -1.74%, Nifty down by -0.9%
4 months ago

One 97 Communications share are down by -1.74%, Nifty down by -0.9%

Live Mint  

At 06 Sep 11:00 today, Paytm shares are trading at price ₹616.05, -1.74% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA values for the stock are given …

Paytm shares jump 5% today. Check price targets
4 months, 1 week ago

Paytm shares jump 5% today. Check price targets

India Today  

Shares of One 97 Communications Ltd rose by 5% in Thursday's trading session after receiving approval for downstream investment in its wholly-owned subsidiary, Paytm Payments Services Ltd. Jefferies has kept a "Hold" rating with a target price of Rs 420, noting that if approved by the Reserve Bank of India, Paytm could onboard new online merchants. Ventura Securities has issued …

Paytm hits 5% upper circuit for third consecutive session. Here's why
7 months, 1 week ago

Paytm hits 5% upper circuit for third consecutive session. Here's why

Hindustan Times  

Paytm share price: Paytm parent One97 Communications shares hit a 5 per cent upper circuit today. This comes as a block deal involving 75.20 lakh shares, representing a 1.2 per cent stake in the company, took place on the exchanges. The block deal was worth a total of ₹296.30 crore and the average floor price of the transaction was also …

Vijay Shekhar Sharma says ‘worst behind us’, brokerages say Paytm may fall 25% more. Here's why
7 months, 2 weeks ago

Vijay Shekhar Sharma says ‘worst behind us’, brokerages say Paytm may fall 25% more. Here's why

Hindustan Times  

Paytm founder Vijay Shekhar Sharma told shareholders in a post-earnings call that the worst is behind the company. We also resolved to be fully compliant according to the regulators expectations in letter and spirit.” Paytm founder and CEO Vijay Shekhar Sharma during an event in Mumbai, What Paytm quarterly results showed? The quarterly results come after the Reserve Bank of …

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%
7 months, 2 weeks ago

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%

Hindustan Times  

Paytm announced that there may be job cuts at the company as it plans to trim non-core assets following its first-ever decline in sales on May 22. Paytm reported Q4 results after a regulatory probe into its financial arm Paytm Payments Bank by the Reserve Bank of India In a letter to shareholders, Vijay Shekhar Sharma said, “We expect near-term …

Paytm share price falls nearly 3% after payments bank chief quits
8 months, 4 weeks ago

Paytm share price falls nearly 3% after payments bank chief quits

Hindustan Times  

Paytm share price: Shares of Paytm fell nearly 3 per cent today after Surinder Chawla stepped down as the Paytm Payments Bank managing director and chief executive. Paytm share price: A QR code for the Paytm digital payment system at a store in Mumbai, India. More on Paytm crisis The Reserve Bank of India imposed business restrictions on PPBL which …

Paytm share price jumps 5% after hitting upper circuits for 2 days in a row; can it rise more? Here’s what experts say
9 months, 2 weeks ago

Paytm share price jumps 5% after hitting upper circuits for 2 days in a row; can it rise more? Here’s what experts say

Live Mint  

Paytm share price continued experiencing robust momentum, surging approximately 5 per cent on the BSE, in intraday trade on Wednesday, March 20. Paytm share price opened at ₹415.60 against its previous close of ₹405.85 and rose 4.93 per cent to hit its intraday high of ₹425.85. Around 12:15 pm, the stock traded nearly 3.45 per cent up at ₹419.85, indicating …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
9 months, 3 weeks ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny
10 months, 1 week ago

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny

ABP News  

Shares of Paytm saw a modest gain of over 2 per cent on the BSE on Tuesday, following the announcement of significant developments within the company. Vijay Shekhar Sharma, the founder and CEO of Paytm, on Monday evening took a pivotal step by resigning from his position to assist in the restructuring of the Board of Paytm Payments Bank Ltd. …

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes
10 months, 3 weeks ago

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes

New Indian Express  

NEW DELHI: Shares of One97 Communications -- owner of the brand Paytm -- jumped 5 per cent in the morning trade on Monday after the crisis-hit fintech company's decision to collaborate with Axis Bank for the continuation of merchant settlements. In the morning trade, the 30-share BSE Sensex benchmark gained 185.81 points or 0.26 per cent to 72,612.45, while NSE …

Paytm share price hits all-time low amid ED probe against fintech firm
10 months, 3 weeks ago

Paytm share price hits all-time low amid ED probe against fintech firm

Hindustan Times  

Paytm shares hit all-time low on Thursday amid the Enforcement Directorate probe against the fintech firm following the Reserve Bank of India action against Paytm Payments Bank. The declining share prices have added more salt to the wounds of Paytm, which is now under Enforcement Directorate investigation after the RBI barred its subsidiary Paytm Payments Bank from accepting new deposits …

Paytm shares hit record low for 2nd straight day. Here's why
10 months, 3 weeks ago

Paytm shares hit record low for 2nd straight day. Here's why

India Today  

Shares of digital payments firm Paytm fell nearly 10 per cent in early trade on Wednesday to hit a record low for the second consecutive trading session. Paytm shares hit a record low of Rs 342.15 apiece in early trade on the National Stock Exchange. Paytm shares in freefall Paytm’s shares have been under pressure ever since the Reserve Bank …

Paytm Shares Tank 9% After Macquarie Slashes Target Price By 57%; Know Target Price
10 months, 3 weeks ago

Paytm Shares Tank 9% After Macquarie Slashes Target Price By 57%; Know Target Price

News 18  

Shares of One97 Communications Limited, the parent company of digital payments firm Paytm, dipped sharply in early trade to hit a record low on Tuesday. The shares today fell up to 8.7 per cent to the day’s low at Rs 385.75 on BSE after global broking firm Macquarie downgraded the troubled fintech to underperform from the neutral call with a …

Paytm plunges nearly 8 per cent to hit 52-week low; here's why
10 months, 3 weeks ago

Paytm plunges nearly 8 per cent to hit 52-week low; here's why

India TV News  

Paytm's parent company, One97 Communications, witnessed a significant drop in its shares on Tuesday, declining by nearly 8 per cent following Reserve Bank of India Governor Das's statement affirming the central bank's stance against Paytm Payments Bank Ltd. Meanwhile, the broader market indices showed a positive trend, with the BSE Sensex surging by 436.83 points, or 0.61 per cent to …

Explained: Why Paytm shares fell 8.5% to hit record low today
10 months, 3 weeks ago

Explained: Why Paytm shares fell 8.5% to hit record low today

India Today  

Shares of One97 Communications Limited, the parent company of digital payments firm Paytm, dipped sharply in early trade to hit a record low on Tuesday. Paytm shares fell 8.5 per cent to Rs 386.25 apiece in early trade, but recovered marginally to trade at Rs 395.85 at around 9:57 am. The embattled digital payments firm’s shares have been under pressure …

Explained: Why Macquarie's downgrade spooked Paytm investors
10 months, 3 weeks ago

Explained: Why Macquarie's downgrade spooked Paytm investors

India Today  

Shares of digital payments firm Paytm hit a record low of Rs 380.05 in the afternoon trading session after falling nearly 10 per cent. But why has the brokerage firm’s fresh report and downgrade spooked Paytm investors? ‘Arduous’ migration hurdle The brokerage firm in its report said migrating to other third party banks from Paytm Payments Bank could be a …

Paytm shares resume fall for the second consecutive day
11 months ago

Paytm shares resume fall for the second consecutive day

New Indian Express  

NEW DELHI: Shares of One97 Communications Ltd, which owns the Paytm brand, tanked over 15 per cent in two days as investors again turned to dump the stock. Extending its previous day's decline, the stock tanked 6.09 per cent to settle at Rs 419. One97 Communications stock price had climbed 10 per cent on Wednesday and rebounded over 3 per …

Paytm crisis: No ED investigation either against company or CEO, company asserts
11 months ago

Paytm crisis: No ED investigation either against company or CEO, company asserts

Hindustan Times  

The Enforcement Directorate is neither investigating owner of Paytm brand- One97 Communications- nor its founder and CEO Vijay Shekhar Sharma for money laundering, the company said. We have and continue to abide by Indian laws and take regulatory orders with utmost seriousness.” This comes following a recent RBI order that barred Paytm Payments Bank Ltd from taking any further deposits, …

Paytm Erases $2 Billion In Market Value In 2 Days, Shares Plunge Another 20 Per Cent
11 months, 1 week ago

Paytm Erases $2 Billion In Market Value In 2 Days, Shares Plunge Another 20 Per Cent

ABP News  

Shares of One97 Communications Ltd, the parent firm of Paytm, plunged another 20 per cent on Friday as the Reserve Bank of India on Wednesday in a directive asked Paytm Payments Bank Ltd to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags, and other instruments after February 29. Paytm stock tanked 20 per cent to Rs 487.05, …

Why Did Paytm Shares Tank Another 20% Today? Know Details of RBI's Action Against Paytm Payments Bank
11 months, 1 week ago

Why Did Paytm Shares Tank Another 20% Today? Know Details of RBI's Action Against Paytm Payments Bank

News 18  

Shares of One97 Communications Ltd, which owns Paytm brand, on Friday plummetted another 20 per cent. The decline comes as the RBI has directed Paytm Payments Bank Ltd to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. Fintech firm Paytm sees an impact of Rs 300-500 crore on its annual operational …

Paytm shares tank another 20%; hit fresh lower circuit limit
11 months, 1 week ago

Paytm shares tank another 20%; hit fresh lower circuit limit

The Hindu  

Shares of One97 Communications Ltd, which owns Paytm brand, slumped another 20% on February 2, as the RBI has directed Paytm Payments Bank Ltd to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. Fintech firm Paytm sees an impact of ₹300-500 crore on its annual operational profit, as its customers will …

Paytm Q3 results: Revenue jumps 38% to ₹2,851 crore
11 months, 3 weeks ago

Paytm Q3 results: Revenue jumps 38% to ₹2,851 crore

Hindustan Times  

Paytm Q3 results: Paytm posted a 38 per cent rise in revenue to ₹2,851 crore in the quarter ending in December, it said in a regulatory filing on Friday. Paytm In the October-December quarter, the fintech giant Paytm reported a robust 38 per cent YoY growth in revenue, reaching ₹2,850 crore, with EBITDA before ESOP showing an improvement of ₹188 …

Stocks to Watch: TCS, Maruti, Paytm, Wipro, PB Fintech, Eicher
1 year, 1 month ago

Stocks to Watch: TCS, Maruti, Paytm, Wipro, PB Fintech, Eicher

Live Mint  

New Delhi: Following are the stocks that will likely be in focus on Tuesday: {{^adFree}} {{/adFree}} Tata Consultancy Services: The IT services giant has launched its AWS generative AI practice to help customers harness the full potential of artificial intelligence and AWS generative AI services to transform different parts of their value chain and achieve superior business outcomes. {{^adFree}} {{/adFree}} …

Paytm share price: Goldman Sachs gives ’buy’ tag, predicts 30% upside in long term
1 year, 2 months ago

Paytm share price: Goldman Sachs gives ’buy’ tag, predicts 30% upside in long term

Live Mint  

Paytm share price has witnessed strong buying interest after making life-time low of ₹438.35 apiece on NSE. On suggestion to stock market investors in regard to Paytm shares, Goldman Sachs report said, "Investor pushbacks have been around negative impact on Paytm from a potentially adverse credit cycle, and while we expect Paytm to prioritize credit quality over growth, we expect …

Paytm share price rises 3% to hit a 52-week high; Bernstein initiates coverage
1 year, 4 months ago

Paytm share price rises 3% to hit a 52-week high; Bernstein initiates coverage

Live Mint  

Paytm share price rose almost 3 per cent to hit its fresh 52-week high of ₹931 in morning trade on BSE on Thursday. The brokerage firm expects Paytm's loan disbursal volumes to grow sharply and achieve a market share of nearly 4 per cent by FY26E in the high-yield household lending segment, with more than 13 per cent interest rate. …

Paytm shares rise over 3% on strong July business update
1 year, 5 months ago

Paytm shares rise over 3% on strong July business update

Live Mint  

Paytm share price rallied over 3% on Friday after the fintech giant reported strong operating performance for the month of July. One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. The loan distribution business of the fintech firm continues to gain scale …

BofA Securities raises target price on Paytm; do you own?
1 year, 6 months ago

BofA Securities raises target price on Paytm; do you own?

Live Mint  

Paytm share price may hit ₹1,020 apiece in the near future with momentum in high margin lending and Soundbox business expected to remain good, says global brokerage BofA Securities. BofA Securities expect Paytm’s momentum in high margin lending and Soundbox business to remain good for at least next 3-4 quarters and sees upside risks to consensus estimates. It expects the …

Paytm share price extends rally as BofA Securities upgrades the stock
1 year, 7 months ago

Paytm share price extends rally as BofA Securities upgrades the stock

Live Mint  

Paytm share price rallied over 4% on Friday, extending its rally for the third consecutive session amid upbeat sentiment. BofA Securities upgraded Paytm to ‘Buy’ from ‘Neutral’ and increased the target price to ₹885 per share from ₹780 earlier on the back of strong revenue momentum and operational leverage. “We expect Paytm’s momentum in BNPL /merchant lending to continue, albeit …

Paytm share price surges 8%; brokerages remain upbeat about the stock
1 year, 7 months ago

Paytm share price surges 8%; brokerages remain upbeat about the stock

Live Mint  

Shares of One 97 Communications surged over 8 per cent in intraday trade on BSE on Thursday, looking set to extend their gains into the second consecutive session. Paytm, in a BSE filing on Monday, said it continued witnessing the expansion of the consumer base with average monthly transacting users at 9.2 crore for the quarter to date, up 24 …

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