Paytm shares rebound after all-time low, settles up 8%

Top Stories

»	RBI measures to provide liquidity relief to exporters, ride out near-term pressure
»	Piyush Goyal meets world leaders, discusses ways to boost trade and investment
»	E-commerce, social media firms must erase inactive user data after 3 years: DPDP Act
»	Adani to invest Rs 63,000 crore for two energy projects in Assam, generate thousands of jobs
»	Latest Cabinet decisions to ensure global competitiveness, boost self-reliance: PM Modi

SME Times News Bureau | 14 Jan, 2022
Shares of One97 Communications-owned Paytm rebounded on Friday after a sharp fall in the past few sessions.

Notably, the shares hit an all-time low of Rs 1,000 recently. On Friday, the shares settled 8.2 per cent up at Rs 1,116 per share.

Brokerage house Macquarie in its latest report lowered its target price for the share to Rs 900 from Rs 1,200 and retained its 'underperform' rating.

Besides, citing lower revenue and higher employee as well as software costs, it projected 16-27 per cent losses for the company during FY22-FY25.

Since the listing on the exchanges on November 18, 2021, it lost around 29 per cent of its value. It was one of the worst debutants on the Indian exchanges.

At present, Paytm's parent company One97 Communications' total market capitalisation is worth Rs 72,350 crore, NSE data showed.