Paytm a must-have in a portfolio and use Berkshire exit as a buying opportunity: Sanjiv Bhasin
Sanjiv Bhasin, Director, IIFL Securities, says “Paytm promoters are the maximum holders and even their shareholding is almost below 10%. So, there are no very big old shareholders. This is only a matter of opportunity to buy this stock. The fintechs, particularly PB Fintech, Paytm, Zomato are headed much higher over a period of time.”
What do you make of the Berkshire Hathaway exit for Paytm? Is it going to materially impact the stock, according to you?
So, one, it is a buying opportunity. I mean, Berkshire has not exited because it is in profit, it is because of the mistiming of the event before the pre-IPO placement and so on. Paytm is a unique case of fintech and the digital app going extremely positive. Positive news on their NBFC front is also where they are doing kirana lending.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Operations Officer ProgrammeVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisitThis is a must-have in a portfolio and use this large exit to be a buying opportunity. Now, the promoters are the maximum holders even and shareholding now comes to almost below 10%. So, there are no very big old shareholders. This is only a matter of opportunity to buy this stock. Because I think Fintechs, particularly PB Fintech, Paytm, Zomato are headed much higher over a period of time.
What is it you are making of platforms like BSE? There is an interesting Jefferies’ note where they believe that from the current market price there could be a 24% upside, as more participation and digitisation only increase further penetration. They are expecting an earnings jump of almost 150% in FY24?
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