Last Updated: January 12, 2023, 13:33 IST
Paytm Share Price: Paytm shares fell over 7 per cent in Thursday’s intraday trade
Paytm Share Price: Paytm shares fell over 7 per cent in Thursday’s intraday trade
Paytm Share Price: Paytm shares fell over 7 per cent in Thursday’s intraday trade as nearly 2 cr shares (3.1 per cent equity) worth Rs 1,126 cr changed hands at an average Rs 540 per share.
Till yesterday, in the year 2023, this stock has seeing good growth. During the first 8 trading sessions of 2023, a gain of about 7 per cent was seen in this stock.
What Should Investors Do?
Paytm is likely to report a 46 per cent year-on-year (YoY) rise in revenues at Rs 2,125.70 crore compared with Rs 1,456.10 crore in the year-ago quarter, said ICICI Securities in a report. This brokearge expects Ebitda loss for Paytm declining to Rs 488.10 crore.
Global brokerage firm JP Morgan had maintained its ‘overweight’ rating on Paytm with a target price of Rs 1,100, whereas Morgan Stanley remains ‘equalweight’ on the stock with a target price of Rs 695.
Read all the Latest Business News here