Paytm shares rally over 5% as brokerages raise target price on Zomato deal
Shares of fintech major One 97 Communications, which operates Paytm, surged approximately 5.5% to a dayβs high of Rs 604.45 on the BSE on Thursday. This increase followed brokerages raising their target prices after the company sold its entertainment business to Zomato. Global brokerage CLSA has maintained a “Hold” rating on Paytm but increased its…
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If Fed starts cutting rates from September, will it have a multiplier effect on stock markets?
Notwithstanding the 17% surge seen in Sensex and Nifty so far in the calendar year, Fed’s expected rate cut in September can still have a multiplier effect on the stock market. The Fed move of holding rates steady on Wednesday night and strong hints of a first cut in September unleashed animal spirits in global…
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Sensex, Nifty can fall up to 10% with bigger crash in smallcaps, warns Emkay
“We see the risk of an imminent 5-10% correction in the headline indices, with bigger drawdowns in small and midcap stocks. Nifty valuations are stretched at 21.4x 1YF PER, and a positive budget is now in the price. There are no additional positive catalysts, as we expect a tepid 1QFY25 earnings season with rate cuts…
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