Paytm shares rally 50% in 6 months, but Nomura sees 33% more upside, initiates with 'buy'; check target price, rationale
60-Word AI Digest
Nomura initiated coverage of Paytm with a Buy rating and a ₹2,250 target, implying 33% upside. It expects rapid earnings growth, driven by digital payments, merchant lending, cost efficiencies and new revenue streams. Key risks include competition and deteriorating lending asset quality.
Key Takeaways
- Nomura initiated coverage of Paytm with a Buy rating and a ₹2,250 target, implying 33% upside.
- It expects rapid earnings growth, driven by digital payments, merchant lending, cost efficiencies and new revenue streams.
- Key risks include competition and deteriorating lending asset quality.
Nomura initiated coverage of Paytm with a Buy rating and a ₹2,250 target, implying 33% upside. It expects rapid earnings growth, driven by digital payments, merchant lending, cost efficiencies and new revenue streams. Key risks include competition and deteriorating lending asset quality.
Original Publisher Attribution
This summary was curated from Livemint.