new Delhi. Paytm Share Price: Since the listing, Paytm Share is giving losses to its investors. After listing, it has declined by about 48 percent. Not only this, on an annual basis, this stock has lost 39 percent in 2022. On Monday also at 12 o’clock, the stock of Paytm was trading at Rs 827, down 0.77 percent. But, now some good news related to this stock is coming.
Brokerage and research firm ICICI Securities has now given it a Buy rating. At the same time, a research by Bloomberg has revealed that this month, the market analysts have given more buying opinion than selling in Paytm’s stock. With this, it is now expected that the prices of Paytm’s shares will improve.
Also read: Now Kotadar will make India digital too, online facilities will be available at ration shops
64% chance of bounce
ICICI Securities has now given a Buy rating on Paytm giving a target of Rs 1,352 (Paytm Share Target Price). The brokerage house believes that this stock can see a rise of 64 percent beyond the current level. ICICI Securities says that concerns related to increase in valuation and interest rates have seen their impact on the stock. However, lower than expected monetization and unfavorable regulatory stance in the financial services business can prove to be a risk for the company.
more buying advice
The data collected by Bloomberg this month also showed that since the listing in the first week of February, the number of recommendations for the stock of Paytm’s parent company One 97 Communications Ltd. The recommendations are high.
In the third quarter of December 2021 (Q3 2022 Paytm Results), Paytm has incurred a loss of Rs 778.5 crore, which was Rs 535.5 crore in the same period last year. However, during this period, the company’s income has seen a growth of 88 percent on a yearly basis and it has increased from Rs 772 crores to Rs 1,456 crores from the same period last year.
Also read: Tax Rules: Let’s know some rules of tax payment, where you get benefit, where is the loss
Apart from this, Paytm’s payment services to consumers increased by 60 per cent to Rs 406 crore from Rs 254 crore in the quarter ended December 31, 2021-22. At the same time, payment services to merchants more than doubled to Rs 586 crore from Rs 269 crore in the quarter under review.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. Tech for FTCP is not responsible for any profit or loss caused by you. Will happen.)
Tags: Paytm, stock market, Stock tips
Read Article in हिन्दी