INSUBCONTINENT EXCLUSIVE:
Brokerage companies say that Paytm's stock is still rather expensiveMacquarie Capital Securities (India) Pvt., which was vindicated on its
preliminary downbeat contact Paytm, maintained its bleak view on profitability Monday after the digital payments startup released monetary
information for the vital period ahead of the Diwali holiday
Paytm's price-to-sales assessment remains expensive and success must remain evasive for a long time, the brokerage stated in a note
The business saying over the weekend that gross merchandise value rose 131 percent on-year in October doesn't materially affect Macquarie's
profit and loss price quotes, experts Suresh Ganapathy and Param Subramanian composed
One 97 Communications Limited, the parent business for the payments platform, tumbled as much as 19 percent on Monday to 1,271 rupees
This followed a 27 per cent depression on debut on November 18, when Macquarie started coverage on the stock with an underperform ranking
and cost target of Rs 1,200
The bad debut may cool sentiment in India's stock market boom, which had ranked amongst the world's most frenzied
The going public had actually been touted by some as a symbol of the nation's growing appeal as a destination for global capital,
particularly for financiers looking for options to China.
