Paytm shares pop 5% after receiving NPCI nod to onboard new UPI users
Shares of One 97 Communications-owned Paytm jumped 5% to an intraday high of Rs 722.50 on the BSE after the National Payments Corporation of India (NPCI) granted the company approval to onboard new UPI users, subject to adherence to all procedural guidelines and circulars. “We would like to inform you that vide letter dated October…
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Hot Stocks: Brokerage view on Paytm, Zomato and Bajaj Finance
Brokerage firms like Bernstein have an outperform rating on Paytm, while JPMorgan has an overweight rating on Bajaj Finance. Meanwhile, Nuvama has a buy rating, and Macquarie has an underperform rating on Zomato, respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Bernstein on Paytm: Outperform |…
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Paytm shares rally 5% on getting govt nod for downstream investment in payments arm
Paytm shares jumped 5% on the BSE in Thursday’s early trade, reaching a high of Rs 565, after the company received approval from the finance ministry to invest in its payment services business. After this approval, the payment services business, Paytm Payments Services Limited (PPSL), will resubmit the application for its payment aggregator license. βWe…
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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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