₹438.35 apiece on NSE. The then beaten down stock bottomed out at its record low and witnessed strong bottom fishing by value pickers. This value picking has paid dividend to those value investors as it has ascended to the tune of ₹935 apiece levels today after bottoming out from its record lower levels.
In YTD time, Paytm share price has risen to the tune of 75 per cent. However, the stock is still way below its issue price of ₹2,080 to ₹2150 per equity share. But, Goldman Sachs believes that Paytm share price has potential to continue uptrend.
The global brokerage has predicted that paytm share price may go up to ₹1250 apiece in long term. IT sector still a good bet after lacklustre earnings? Here's what experts say On reasons for being bullish on Paytm shares, Goldman Sachs report says, "Paytm’s operating metrics have been surprising positively, and we are further raising our FY24-26E EBITDA estimates by 2-5%, with our target price moving to ₹1,250 (was ₹1,200). We forecast 30% YoY revenue growth for Paytm in 2QFY24 (Sep ’23; results on 20 October), at the higher end of our India internet coverage, with a 6.3% EBITDA margin (excl.
ESOP; was 3.6% in 1Q). At US$200 mn in FY25 EBITDA, we continue to expect Paytm to be the most profitable company within India internet, and see the company turning net income positive in FY25 as a catalyst for the stock." Gold prices may hit ₹61,000, Silver may touch ₹75,000 this Diwali: Experts "We see upside to both Paytm earnings (we are 6%-11% ahead of Visible Alpha consensus on FY25/FY26 EBITDA) and multiples (GS TP implied multiple of 47x FY26 P/E), as we expect continued momentum in lending and payments, with strong operating leverage in the business model. In addition, resolution of
. Read more on livemint.com