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Risk-reward favourable for Paytm; may rise more than 100% in 1 yr: Analysts

Shares of Paytm surged 8 per cent to Rs 535.45 apiece in the intra-day trade on Friday, before settling at Rs 537, up 7 per cent

Topics
Paytm | Markets | Paytm revenue

Nikita Vashisht  |  New Delhi 



Paytm
Photo: Bloomberg

With shares of down over 70 per cent from its issue price, analysts believe the stock is turning favourable from risk-reward perspective. Moreover, with the management's focus on profitability, and the target of turning free cashflow (FCF) positive in 12-18 months, analysts are confident that the company will end cash burn in the next 4-6 quarters.

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First Published: Fri, December 02 2022. 12:38 IST

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