JM Financial Reinitiates Coverage On Paytm With A ‘Buy’ Rating

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SUMMARY

JM Financial reinitiated coverage on the stock with a ‘buy’ rating and a target price of INR 1,250, signalling an upside potential of 39% from the stock’s last close

The brokerage expects Paytm to achieve adjusted EBITDA profitability in Q4 FY25 and a profit after tax (PAT) breakeven in FY26

Paytm posted a consolidated net loss of INR 208.5 Cr in Q3 FY25 on an operating revenue of INR 1,827.8 Cr

Shares of Paytm surged 2.2% in early trading hours to INR 919.45 apiece on the BSE today (January 20) after brokerage…



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JM Financial Reinitiates Coverage On Paytm With A ‘Buy’ Rating


SUMMARY

JM Financial reinitiated coverage on the stock with a ‘buy’ rating and a target price of INR 1,250, signalling an upside potential of 39% from the stock’s last close

The brokerage expects Paytm to achieve adjusted EBITDA profitability in Q4 FY25 and a profit after tax (PAT) breakeven in FY26

Paytm posted a consolidated net loss of INR 208.5 Cr in Q3 FY25 on an operating revenue of INR 1,827.8 Cr

Shares of Paytm surged 2.2% in early trading hours to INR 919.45 apiece on the BSE today (January 20) after brokerage…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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