Macquarie downgrades Paytm, cuts target price to Rs 275
Macquarie in its latest note said that post the recent diktats, Paytm faces a serious risk of customer exodus which significantly jeopardises its monetisation and business model.
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Paytm stock surges 15% from intraday lows, over 1% equity changes hands
Shares of Paytm (One97) communications surged 15% from its intraday lows of Rs 395 hit in morning deals
Paytm shares hit all-time low, fall another 10% amid RBI crackdown
Paytm stock fell to Rs 438 today, down another 10% after falling almost 40% in the last two trading sessions.
Paytm’s circuit band revised to 10% from 20% earlier
Shares of Paytm crashed 20% on both Thursday and Friday after the Reserve Bank of India imposed ‘severe’ restrictions on the company’s banking unit.
Paytm shares surge over 1% after RBI’s extension for PA license application
Shares of Paytm (One97 Communications) jumped over 1% in the opening trade after the RBI (Reserve Bank of India) allowed Paytm Payments Services Ltd (PPSL) more time to for resubmission of their payment aggregator (PA) license application.