JM Financial maintains positive outlook on Paytm's profit growth
after close1 source ↓written by the desknot a recommendation
- target price
- ₹1,470
- quarter-on-quarter
- 7%
- rise in payment
- 10%
JM Financial has reaffirmed its 'Buy' rating for Paytm, setting a target price of ₹1,470. The company reported revenue of ₹20.6 billion, up 7% quarter-on-quarter, with an EBITDA of ₹1.4 billion. This reflects strong momentum in its core payments business, which saw a 10% rise in payment services revenue.
Not investment advice. For informational purposes only.