Social News XYZ     

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

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

New Delhi, Jan 14 (SocialNews.XYZ) 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.

Source: IANS

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

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

PHP Code Snippets Powered By : XYZScripts.com
%d bloggers like this: