“I do not see a big market share attrition either, just given that the way the market is structured and therefore, I find this to be attractive valuation,” says Pranav Gundlapalle, Sr Research Analyst, Sanford C Bernstein. Let me first actually quote a line that has come in in your particular note where you have … Read more
“We do expect that this rally can extend further. It is not a one-day rally and as we have already marked a new all-time high, overall if we analyse the structure, the short covering action was clearly there,” says Rajesh Palviya, Axis Securities. Let us talk about that record high rally that we saw on … Read more
Mumbai: Shares of One97 Communications, the parent of digital payments firm Paytm, plunged 20% Thursday – the lowest tradable limit of the day – even as analysts downgraded the stock after the Reserve Bank of India directed subsidiary Paytm Payments Bank to stop offering its key services after February 29. The stock closed at ₹608.80 … Read more
Brokerage firm Jefferies maintained a buy call on ICICI Bank post-Q3 results, a hold rating on Kotak Mahindra Bank, and a buy rating on Paytm. CLSA downgraded Zee Entertainment to sell from a buy earlier. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on ICICI Bank: … 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
Fintech major Paytm, which has shown considerable improvement in its quarterly earnings for the past few quarters, is expected to post solid revenue growth for the quarter ended December. Revenue from operations may grow 32% year-on-year, according to an average estimate of two brokerages. On a sequential basis, revenue may rise 8%. Losses during the … Read more
Brokerage firm Macquarie maintained an outperform rating on LIC Housing, UBS downgraded Syngene to sell, UBS initiated a buy on Paytm and Axis Capital initiated coverage on Bharti Airtel with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on LIC Housing: Outperform| Target … Read more
Benchmark indices went into a tailspin after hitting their fresh all-time high levels on Wednesday, closing down by over 1% as investors cashed in on the recent rally. Stocks that were in focus included names like Paytm, which fell 1.08%, Varun Beverages, which rose 6.62%, and Astral, whose shares declined 2.19% on Wednesday. Here’s what … Read more
