Paytm shares hit upper circuit for second straight session: What brokerages said
6 months, 3 weeks ago

Paytm shares hit upper circuit for second straight session: What brokerages said

Hindustan Times  

Paytm share price today: Shares of Paytm hit upper circuit of 5% for the second straight session today. The stock gained 4.99% to reach ₹401.55 on BSE after hitting upper circuit of 5% on May 29. The stock rose after it was reported that Adani Group chairman Gautam Adani was considering buying a stake in Paytm's parent company One97 Communications. However, we believe current market price does not factor a potential sharper recovery Q2 onwards and thus we maintain ‘Buy’ rating with Discounted cash flow based price target of ₹650.” YES Securities revised its price target to ₹450 on the stock and said, “After being under pressure, merchant payments business has started to grow in April and May.

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