Paytm shares plunged 9% to the day’s low of Rs 505.25 on the BSE following reports that market regulator Sebi has issued show-cause notices to Vijay Shekhar Sharma, the company’s founder. The notices also target former board members from the period of its initial public offering (IPO) in November 2021, related to allegations of misrepresentation … Read more
Notwithstanding the spate of positive news flow that has taken Paytm shares 10% higher in two days, global brokerage Jefferies temporarily suspended the coverage on the fintech stock but stopped short of stopping coverage. Stating that the valuation could vary on the basis of merchant/user attrition to the tune of 10-30% and a hit to … Read more
Shares of troubled fintech One 97 Communications, which runs Paytm, fell another 2% on Friday to hit a fresh record low of Rs 318.05 on NSE. So far in the week, the stock has lost about 24% of its market value. Ever since the RBI diktat banning Paytm Payments Bank from February 29 was issued, … Read more
Fintech major One97 Communications which runs the payments platform Paytm is expected to report a narrowing of losses and healthy revenue growth when it releases its Q3 results later today. Paytm should see strong GMV growth led by the festive season and partial impact of lending business rejig after RBI measures, Jefferies said. The brokerage … Read more
