64% return can be available in Paytm’s stock, 48 percent is broken stock

It has lost about 48 percent since the listing. At the same time, on an annual basis, this stock has fallen 39 percent in 2022.

Valuation concerns have affected the stock.

Domestic brokerage and research firm ICICI Securities (ICICI Securities) has Paytm ,Paytm) is advised to buy on the stock. Paytm’s stock was listed in the stock market in November last year. It has lost about 48 percent since the listing. At the same time, on an annual basis, this stock has fallen 39 percent in 2022. Valuation concerns have affected the stock. ICICI Security has now given Buy rating on Paytm with a target of Rs 1,352. From the current level, the stock can see a rise of 64 percent.

However, according to the brokerage, lower-than-expected monetization and unfavorable regulatory stance in the financial services business could prove to be a risk for the company. A note from the brokerage firm said that the valuation and assessment of Paytm is quite different. At present, the management’s growth plan will require investment and is likely to cost a lot of cash. This segment is highly competitive with low switching cost and large companies are making aggressive strategies.

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